The USDCAD price attempted to breach 1.3690$ level but it ended yesterday below it, to keep the bearish trend scenario valid for the upcoming period, waiting to visit 1.3590$ as a first station, noting that breaking this level will complete forming negative pattern that will push the price to achieve additional bearish correction that its targets extend to reach 1.3435$ areas.

Therefore, the bearish trend will remain valid and active on the intraday basis unless breaching 1.3690$ and holding with a daily close above it.

The expected trading range for today is between 1.3600$ support and 1.3740$ resistance.

Trend forecast: Bearish

The USDJPY price fluctuates around the bullish channel’s support line that appears on the chart, waiting to gather positive momentum that assist to push the price to achieve more rise in the upcoming sessions, which targets 159.65 followed by 160.45 levels as next main targets.

Therefore, we will continue to suggest the bullish trend on the intraday basis, taking into consideration that failing to consolidate above 158.40 will stop the positive scenario and put the price under additional bearish correction in the upcoming period.

The expected trading range for today is between 157.80 support and 159.30 resistance

Trend forecast: Bullish

The GBPUSD price shows bullish bias to approach 1.3000$ barrier, waiting to get positive motive that assist to push the price to breach this level and open the way to continue the rise on the intraday and short-term basis, as we are waiting to visit 1.3140$ as a next main target.

Therefore, the bullish trend will remain valid for the upcoming period, supported by the EMA50 that carries the price from below, noting that breaking 1.2950$ will push the price to decline and test 1.2890$ areas before any new attempt to rise.

The expected trading range for today is between 1.2900$ support and 1.3050$ resistance.

Trend forecast: Bullish

The EURUSD price resumes its positive trading after leaning on the bullish channel’s support line, approaching 1.0915$ level now, waiting to breach this level to confirm opening the way to rally towards our next main target at 1.1000$.

The EMA50 keeps supporting the suggested bullish wave, noting that breaking 1.0880$ followed by 1.0840$ levels will stop the expected rise and push the price to achieve bearish correction on the intraday basis.

The expected trading range for today is between 1.0840$ support and 1.0980$ resistance.

Trend forecast: Bullish

Read more: What is the future of the Euro?