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The USDCAD price approaches the negative target – Forecast today - 08-11-2024
The USDCAD price traded with clear negativity yesterday and approached our waited target at 1.3831$, noticing that the price begins today positively in attempt to resume the bullish trend again, motivated by the positive overlapping signal provided by stochastic, making the bullish bias suggested for today, waiting to test 1.3960$ initially.
Therefore, we expect to witness more rise in the upcoming sessions, noting that breaking 1.3831$ will push the price to achieve additional bearish correction that its next target reaches 1.3753$.
The expected trading range for today is between 1.3830$ support and 1.3960$ resistance
Trend forecast: Bullish
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