The USDCAD price continues to rise to reach the thresholds of the waited target at 1.3960$, and we expect to breach this level to achieve additional gains that reach 1.4040$, as the price gets positive signals through the technical indicators.
The bullish channel supports the expectations of achieving more positive targets on the intraday and short-term basis, while breaking 1.3831$ will stop the bullish wave and push the price to start new bearish correction.
The expected trading range for today is between 1.3880$ support and 1.4010$ resistance
Trend forecast: Bullish
Origin: Economies
