The USDCAD price tests the minor resistance – Forecast today - 25-04-2024
Economies.com
2024-04-25 04:07AM UTC
USDCAD Price Analysis
- The USDCAD price provided temporary positive trades yesterday, to test the minor resistance 1.3705$, noticing that the EMA50 forms continuous negative pressure against the price, accompanied by witnessing clear negative signals through stochastic now.
Expected Scenarios
- These factors encourage us to continue suggesting the bearish trend for the upcoming period, reminding you that our next targets begin at 1.3620$ and extend to 1.3565$, while holding below 1.3760$ represents key condition to achieve these targets.
Trading Range
- The expected trading range for today is between 1.3600$ support and 1.3750$ resistance.
Trend forecast: Bearish
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