The USDCAD price shows clear positive trades by today’s open to retest the broken support line of the bullish channel that appears on the chart, accompanied by stochastic loss to the positive momentum clearly, waiting to motivate the price to resume the bearish bias and head to test 1.4220$ that represents the first correctional target.
Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaching 1.4410$ followed by 1.4467$ levels and holding above them.
The expected trading range for today is between 1.4320$ support and 1.4450$ resistance
Trend forecast: Bearish
Origin: Economies
