The USDCAD price gathers the positive momentum – Forecast today - 28-03-2024
Economies.com
2024-03-28 03:08AM UTC
USDCAD Price Analysis
Bullish Scenario
- The USDCAD price tested 1.3606$ level again and bounced bearishly from there.
- Found solid resistance hindering the mission to rise.
- The price returns to lean on the EMA50 that provide new positive signals.
- Waiting to confirm breaching the mentioned level to rally towards our next positive target at 1.3700$.
Positive Momentum
We continue to suggest the bullish trend for the upcoming period.
Supported by stochastic that gets rid of its negative momentum clearly.
Important to hold above 1.3555$ as a first condition to the continuation of the expected rise.
Trading Range
The expected trading range for today is between 1.3530$ support and 1.3660$ resistance.
Trend forecast: Bullish
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