The USDCAD price succeeded to achieve our first waited target at 1.4467$ and attempts to breach it, to support the chances of continuing the bullish trend within the bullish channel that appears on the chart, noting that confirming the breach will push the price towards 1.4600$ areas as a next main station.
The positive support provided by the EMA50 reinforces the expectations of continuing the bullish trend, while breaking 1.4335$ will push the price to turn to decline and test 1.4220$ areas before any new attempt to rise.
The expected trading range for today is between 1.4390$ support and 1.4525$ resistance
Trend forecast: Bullish
