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The USDCAD consolidates above the support – Analysis - 16-11-2023
The USDCAD pair couldn’t manage to hold for long time below 1.3680, to trade positively and consolidate above this level, noticing that the price begins today positively to hint heading to build bullish wave on the intraday basis, targeting visiting 1.3755 followed by 1.3845 levels as next main stations.
Therefore, we expected to witness more bullish bias in the upcoming sessions unless breaking 1.3680 and holding with a daily close below it.
The expected trading range for today is between 1.3650 support and 1.3780 resistance.
The expected trend for today: Bullish
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