The USDCAD is affected by the positive momentum – Analysis 17-10-2023

usd_cad_news_prognozThe USDCAD pair fluctuates around the EMA50, affected by stochastic positivity to show some slight bullish bias, waiting to resume the negative trades that target 1.3570 followed by 1.3500 levels as main negative stations.

Therefor, the bearish trend scenario will remain active, reminding you that it is important to hold below 1.3680 to achieve the suggested targets.

The expected trading range for today is between 1.3550 support and 1.3690 resistance.

The expected trend for today: Bearish

Origin: Economies

 

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