The USDCAD price achieves new gains – Forecast today – 12-04-2024

com-l7USDCAD Price Analysis

Expected Scenario
The USDCAD price has provided additional positive trades, attempting to breach the 1.3700$ barrier.
Stochastic gains positive momentum clearly, waiting to motivate the price to achieve additional gains up to 1.3810$.
The EMA50 keeps supporting the price from below, reinforcing the chances of continuing the expected bullish trend.
The bullish trend will remain valid conditioned by the price stability above 1.3606$.
The expected trading range for today is between 1.3620$ support and 1.3770$ resistance.

Trend Forecast
Bullish

Origin: Economies

 

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