The USDCAD price traded with clear positivity yesterday to return to the bullish channel that appears on the chart, which leads the price to recover again and head to achieve gains that start by testing 1.4467$ and extend to 1.4600$ after breaching the previous level.
Therefore, we expect to witness positive trades in the upcoming sessions, noting that failing to consolidate above 1.4380$ will push the price to decline again and start bearish correction that targets 1.4220$ initially.
The expected trading range for today is between 1.4330$ support and 1.4465$ resistance
Trend forecast: Bullish
Origin: Economies
