USDCAD Price Analysis
Expected Scenario
The USDCAD price settles around the 1.3770$ level, noticing stochastic got rid of its negativity to reach the oversold areas, waiting to motivate the price to resume the expected bullish trend on the intraday basis, which its next target located at 1.3845$.
Therefore, we will continue to suggest the bullish trend on the intraday and short-term basis, supported by the EMA50, reminding you that it is important to hold above 1.3690$ to achieve the waited targets.
Expected Trading Range
Between 1.3710$ support and 1.3850$ resistance.
Trend Forecast: Bullish
Origin: Economies
