The USDCAD begins positively – Analysis 05-09-2023

usd_cad_forex_1The USDCAD pair shows new positive trades by today’s open, to move away from 1.3600 barrier, reinforcing the expectations of continuing the bullish trend, which targets 1.3680 as a next station.

The bullish channel continues to organize the suggested bullish wave, which gets continuous support by the EMA50, reminding you that the continuation of the bullish wave depends on the price stability above 1.3500.

The expected trading range for today is between 1.3570 support and 1.3700 resistance.

The expected trend for today: Bullish

Origin: Economies

 

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