The USDCAD tests the support base – Analysis 20-10-2023

usd-cadThe USDCAD pair tested the support base formed at 1.3680 and bounced bullishly from there, to keep the bullish trend scenario active for the upcoming period, supported by the EMA50, reminding you that our waited targets begin at 1.3785 and extend to 1.3870.

In general, we will continue to suggest the bullish trend on the intraday basis unless breaking 1.3680 and holding below it.

The expected trading range for today is between 1.3660 support and 1.3800 resistance.

The expected trend for today: Bullish

Origin: Economies

 

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