The USDCAD gains the positive momentum – Analysis 13-11-2023

usd_cad_2The USDCAD pair provided clear positive trades on last Friday to approach our waited target at 1.3860, noticing that stochastic approaches to overlap positively now, while the EMA50 continues to provide the positive support to the price.

Therefore, these factors encourage us to keep our bullish overview, reminding you that the next target extends to 1.3975, while achieving it requires holding above 1.3755.

The expected trading range for today is between 1.3760 support and 1.3900 resistance.

The expected trend for today: Bullish

Origin: Economies

 

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