The USDCAD price traded with clear positivity yesterday to succeed achieving our first waited target at 1.4040$, waiting for more rise to head towards our next target that rises now to 1.4130$.
The bullish channel continues to push the price to achieve more gains on the intraday and short-term basis, noting that breaking 1.4000$ might force the price to decline to test the bullish channel’s support line around 1.4010$ before any new attempt to rise.
The expected trading range for today is between 1.4000$ support and 1.4130$ resistance
Trend forecast: Bullish
Origin: Economies
