The USDCAD price rose in its last intraday trading, after reaching our target at the support of 1.3540 yesterday, gaining a positive momentum due to the stability of this support, to attempt to recover some of its previous losses as a correction for the main bearish correction on the short-term basis amid its trading alongside a bias line, and it is attempting to offload some of its clear oversold conditions on the (RSI), especially with the beginning of the positive signals, this comes with the continuation of the negative dynamic pressure that is represented by its trading below EMA50.
