The USDCAD approaches the target – Analysis 06-09-2023

com-l7The USDCAD pair traded with clear positivity yesterday to approach our main waited target at 1.3680, and we suggest the continuation of the bullish bias to surpass this level and achieve additional gains that reach 1.3760, as the price is organized inside bullish channel that supports the chances of achieving more gains in the upcoming period.

The EMA50 keeps supporting the suggested bullish wave, which will remain valid unless breaking 1.3540 followed by 1.3500 levels and holding below them.

The expected trading range for today is between 1.3580 support and 1.3710 resistance.

The expected trend for today: Bullish

Origin: Economies

 

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