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The USDCAD price achieves new gains – Forecast today - 12-04-2024
Economies.com
2024-04-12 03:31 UTC
USDCAD Price Analysis
Expected Scenario
- The USDCAD price has provided additional positive trades, attempting to breach the 1.3700$ barrier.
- Stochastic gains positive momentum clearly, waiting to motivate the price to achieve additional gains up to 1.3810$.
- The EMA50 keeps supporting the price from below, reinforcing the chances of continuing the expected bullish trend.
- The bullish trend will remain valid conditioned by the price stability above 1.3606$.
The expected trading range for today is between 1.3620$ support and 1.3770$ resistance.
Trend Forecast
Bullish
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