The USDCAD price bounced downwards strongly after reaching the thresholds of 1.3653$ level, to attack 1.3562$ level and attempt to break it, but it begins today with bullish bias in attempt to regain the bullish trend again, waiting for positive trades in the upcoming sessions to head towards visiting 1.3653$ initially.
Therefore, the bullish trend will be suggested for today, taking into consideration that failing to consolidate above 1.3562$ will stop the expected rise and push the price to turn to decline.
The expected trading range for today is between 1.3500$ support and 1.3630$ resistance.
Trend forecast: Bullish
Origin: Economies
