The USDCAD price traded positively after leaning on the bullish channel’s support line, to resume the bullish trend and head towards testing 1.4467$ that represents our first positive station.
Stochastic current negativity might hinder the mission to rise and cause some temporary sideways fluctuation, noting that breaking 1.4335$ will stop the bullish wave to force the price to start bearish correction for the rise that started from 1.3420$ areas.
The expected trading range for today is between 1.4340$ support and 1.4470$ resistance
Trend forecast: Bullish
Origin: Economies
