The USDCAD price saw positive movement yesterday, reaching the 1.4080$ level. It found solid support at the broken bullish channel support, now rising to 1.4095$. For the price to confirm a return to the main bullish trend, it needs to surpass this level, with additional gains expected towards 1.4178$.
The bullish outlook remains intact for the near term, provided the price holds above the 1.4000$ support level.
The expected trading range for today is between 1.4000$ support and 1.4130$ resistance.
Trend Forecast: Bullish
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