Expected scenario: The US dollar witnessed sharp gains during the trading this week, to record its highest levels against the Canadian dollar at 1.4130, despite the reduction in interest on the US dollar to zero levels, so that the pair currently faces the resistance of 1.4145, which is represented in The upper line of the bullish channel, so it is possible that we will witness a short-term correction wave for the 1.3950 levels, then complete the rise again to 1.4210.

As for the alternative scenario: if the price falls, and the price channel is broken down at 1.3800 levels, we will witness a negative change in the general bullish trend, with more declines up to 1.3740 then the 1.3500, and the downside scenario remains The least likely at the present time.

Expected general trend: bullish

Expected traffic range: 1.3950 to 1.4100