7
The USDCAD pair has been unable to confirm a break below the 1.4000 level, which has acted as solid support. As a result, the price has started to show positive movement, suggesting a potential continuation of the main bullish trend. The next target is 1.4080, and if this level is breached, the price could rise further to 1.4178.
The EMA50 supports the anticipated upward movement, which will remain valid unless the price breaks below 1.4000 and closes below it on a daily basis.
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The expected trading range for today is between 1.3970 (support) and 1.4005 (resistance).
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Trend Forecast: Bullish
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