The USDCAD price leans on the moving average – Forecast today - 27-03-2024
Economies.com
2024-03-27 02:30AM UTC
USDCAD Price Analysis
The USDCAD price tested the support line formed by the EMA50 and bounced bullishly from there, to keep the bullish trend scenario valid for the upcoming period, supported by stochastic positivity, waiting to breach 1.3606$ to confirm opening the way to visit 1.3700$ as a next target.
- We expect to witness more rise in the upcoming sessions, noting that breaking 1.3555 will force the price to achieve additional decline and test the key support 1.3505$ before any new attempt to rise.
The expected trading range for today is between 1.3540$ support and 1.3660$ resistance.
Trend forecast: Bullish
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