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2326.930
18.249%
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83.175
2.282%
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1.0717
2.9454%
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5117.18
0.66%
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38377.43
0.75%
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17795.16
1.19%
The USDCAD price under the negative pressure – Forecast today - 29-03-2024
Economies.com
2024-03-29 01:44AM UTC
USDCAD Price Analysis
Expected Scenario: Bearish Trend
- The USDCAD price traded with clear negativity, nearing the $1.3505 level.
- This suggests a potential return to the correctional bearish track.
- Breaking the $1.3505 level will confirm the continuation of the bearish trend towards $1.3440 as the next negative station.
- Therefore, the bearish bias is expected for today, supported by moving below the EMA50.
- Note that breaching $1.3606 will invalidate the expected decline and may lead to a resumption of the main bullish trend.
Expected Trading Range for Today
- Support: $1.3460
- Resistance: $1.3600
Trend Forecast: Bearish