The USDCAD faces solid resistance – Analysis 19-02-2024

usd_cad_2The USDCAD pair finds difficulty to breach 1.3500 resistance line, to fluctuate within sideways range in the previous sessions, waiting to get positive motive that assist to push the price to breach this level and confirm resuming the main bullish wave within the bullish wave that appears on the chart, reminding you that the next main target is located at 1.3600.

On the other hand, we should note that breaking 1.3455 will lead the price to turn to decline and start bearish correction for the rise that started from 1.3178 areas.

The expected trading range for today is between 1.3420 support and 1.3560 resistance.

The expected trend for today: Bullish

Origin: Economies

 

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