The USDCAD price hits the target – Forecast today - 20-03-2024
Economies.com
2024-03-20 03:02AM UTC
The USDCAD price traded with strong positivity yesterday to succeed touching our waited target at 1.3605, to find solid resistance there and rebound bearishly and provide temporary negative trades, noticing that stochastic gains the positive momentum clearly, waiting to motivate the price to resume the bullish trend on the intraday and short-term basis, noting that breaching the mentioned level will push the price towards 1.3675 as a next main target.
Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 1.3505 and holding below it.
The expected trading range for today is between 1.3510 support and 1.3650 resistance.
Trend forecast: Bullish
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