The USDCAD price begins today with sharp rise after Trump decision to impose the Tariffs on Canada, which pushed the price to surpass the waited positive target at 1.4700$ and open the way to continue the rise on the intraday and short-term basis, targeting 1.4900$ followed by 1.5000$ levels as next main stations.
Therefore, we will continue to suggest the bullish trend for the upcoming period, taking into consideration that failing to consolidate above 1.4715$ will stop the bullish wave and push the price to decline towards the bullish channel’s support line, located now at 1.4490$.
The expected trading range for today is between 1.4720$ support and 1.4870$ resistance
Trend forecast: Bullish
Source: Silver price under the negative pressure – Forecast today – 03-02-2025
