USDCAD Price Analysis
Expected Scenario
The USDCAD price keeps rising to breach 1.3690$ level and close the daily candlestick above it, to stop the correctional bearish scenario and head towards resuming the main bullish trend within the bullish channel that appears on the chart, on its way to achieve gains that start at 1.3760$ and extend to 1.3845$.
Therefore, the bullish bias will be suggested in the upcoming sessions, taking into consideration that failing to consolidate above 1.3690$ will put the price under the negative pressure again, to head towards testing 1.3590$ initially.
Expected Trading Range
Between 1.3640$ support and 1.3760$ resistance
Trend Forecast: Bullish
Origin: Economies
