The USDCAD price succeeded to touch our first waited target at 1.3831$ and bounced bullishly by today’s open to resume the main bullish track and get enough of the bearish correction at the mentioned level, to head towards achieving positive targets that start at 1.3960$ and extend to 1.4050$ after breaching the previous level.

Therefore, we expect the continuation of the bullish bias in the upcoming sessions, noting that breaking 1.3831$ will stop the expected rise and push the price to achieve more bearish correction.

The expected trading range for today is between 1.3830$ support and 1.4030$ resistance

Trend forecast: Bullish

Origin: Economies

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