The USDCAD price still sideways – Forecast today - 03-04-2024
Economies.com
2024-04-03 02:33AM UTC
USDCAD Price Update
USDCAD Analysis
- The USDCAD price fluctuates around the EMA50.
- Still confined inside the sideways range represented by 1.3505$ support and 1.3606$ resistance.
- Keeping the sideways scenario valid until now.
- The price needs to breach one of the mentioned levels to detect its next destination clearly.
- Breaking the support will put the price under additional correctional bearish pressure targeting 1.3440$ as the next station.
- While breaching the resistance will push the price to continue the main bullish track with the next target at 1.3700$.
Expected Trading Range for Today
- Between 1.3500$ support and 1.3640$ resistance.
Trend Forecast: Sideways
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