The USDCAD price continues to rise to approach our waited target at 1.3845$, and the way seems open to surpass this level and open the way to achieve more gains on the intraday and short-term basis, reminding you that our next target reaches 1.3977$.
Therefore, we will continue to suggest the bullish trend for the upcoming period, which gets good support by the EMA50, taking into consideration that failing to breach 1.3845$ will push the price to rebound bearishly and head to test 1.3690$ areas before any new attempt to rise.
The expected trading range for today is between 1.3770$ support and 1.3890$ resistance.
Trend forecast: Bullish
Origin: Economies
