The USDCAD price tests the minor resistance – Forecast today - 25-04-2024
Economies.com
2024-04-25 04:07AM UTC
USDCAD Price Analysis
The USDCAD price provided temporary positive trades yesterday, to test the minor resistance 1.3705$, noticing that the EMA50 forms continuous negative pressure against the price, accompanied by witnessing clear negative signals through stochastic now.
Expected Scenarios
These factors encourage us to continue suggesting the bearish trend for the upcoming period, reminding you that our next targets begin at 1.3620$ and extend to 1.3565$, while holding below 1.3760$ represents key condition to achieve these targets.
Trading Range
The expected trading range for today is between 1.3600$ support and 1.3750$ resistance.