The USDCAD attempts to breach – Analysis 05-01-2024

usd-cadThe USDCAD pair is attempting to breach 1.3350 level now, reinforcing the expectations of continuing the bullish trend on the intraday basis, reminding you that our next main target reaches 1.3500.

The EMA50 supports the price from below to reinforce the positive overview, noting that breaking 1.3315 will complete forming minor negative pattern that might push the price to turn to decline and return to the bearish track again.

The expected trading range for today is between 1.3300 support and 1.3440 resistance.

The expected trend for today: Bullish

Origin: Economies

 

Рейтинг FOREX брокеров

Рекомендуемые брокеры


 

Leave a Reply