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The USDCAD is recovering – Analysis - 25-01-2024
The USDCAD pair ended yesterday with strong positivity to breach 1.3500 level and settles above it, which stops the recently suggested negative scenario and lead the price to turn to rise, on its way to achieve gains that start at 1.3600 and extend to 1.3680.
Therefore, we expect to witness more rise in the upcoming sessions supported by the EMA50 that carries the price from below, noting that the continuation of the bullish wave requires holding above 1.3500 – 1.3475 levels.
The expected trading range for today is between 1.3460 support and 1.3600 resistance.
The expected trend for today: Bullish
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The USDJPY reaches the first target – Analysis - 25-01-2024
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