The USDCAD price fluctuates around 1.3845$ level and attempts to consolidate above it, noticing that stochastic gets rid of its negative momentum gradually, waiting to motivate the price to resume the main bullish trend, which its next target located at 1.3977$.
The EMA50 supports the expected rise, reminding you that breaking 1.3845$ followed by 1.3790$ levels will put the price under correctional bearish pressure before any new positive attempt.
The expected trading range for today is between 1.3785$ support and 1.3910$ resistance.
Trend forecast: Bullish
Origin: Economies
