The USDCAD needs positive motive – Analysis 06-03-2024

usd-cadThe USDCAD pair shows sideways trades since yesterday, and leaned on the EMA50 that continues to support the expected bullish wave on the intraday and short-term basis, to head towards resuming the bullish trend, reminding you that our next target reaches 1.3665.

Breaching 1.3600 will ease the mission to achieve the expected rise, which will remain valid unless breaking 1.3510 and holding with a daily close below it.

The expected trading range for today is between 1.3530 support and 1.3660 resistance.

The expected trend for today: Bullish

Origin: Economies

 

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