The USDCAD recovers – Analysis 02-10-2023

usd_cad_1The USDCAD pair rallied upwards strongly to breach 1.3500 level and settles above it, to activate the positive effect of the bullish pattern that appears on the chart and open the way to achieve gains that surpass 1.3585 to reach 1.3680 areas.

Therefore, we expect to witness more bullish bias in the upcoming sessions, noting that breaking 1.3500 will stop the positive scenario and push the price to turn to decline.

The expected trading range for today is between 1.3510 support and 1.3660 resistance.

The expected trend for today: Bullish

Origin: Economies

 

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