The USDCAD price succeeded to touch our first waited target at 1.4265$, noticing that stochastic begins to overlap positively now to support the chances of resuming the expected bullish trend on the intraday and short-term basis, noting that the next target rises to 1.4350$.
Therefore, we will continue to suggest the bullish trend for the upcoming period, which moves inside the bullish channel that appears on the chart, noting that breaking 1.4205$ might push the price to decline and test the bullish channel’s support line around 1.4100$ before any new attempt to rise.
The expected trading range for today is between 1.4190$ support and 1.4320$ resistance
Trend forecast: Bullish
Origin: Economies
