The USDCAD negotiates the channel the channel – Analysis 23-08-2023

com-l7The USDCAD pair continues the attempt to return to the bullish channel that appears on the chart, and the price needs to get strong positive motive that assist to provide additional positive trades to achieve our waited targets at 1.3595 followed by 1.3680.

Until now, the bullish trend scenario still suggested on the intraday basis, supported by the EMA50, reminding you that it is important to hold above 1.3500 to achieve the waited targets.

The expected trading range for today is between 1.3485 support and 1.3610 resistance.

The expected trend for today: Bullish

Origin: Economies

 

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