USDCAD Forecast today: In the USDCAD price chart, we can observe that USD/CAD touched its solid support level at 1.3400. After reaching 1.3490, it slightly pulled back before the bulls stepped in, pushing the pair to hit the 1.3520 level.
USDCAD Forecast Today
We anticipate further upward movement in this pair, with a potential rise to 1.3560. If the price holds at this level, there is a chance it could extend towards 1.3620. In this scenario, the short-term support at 1.3480 may play a crucial role.
On the other hand, if the price drops below 1.3480 and sustains there, USD/CAD could retreat further to 1.3410.
Our position on this pair: Bullish in the short term.
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