The USDCAD price surpasses the resistance – Forecast today – 19-07-2024

com-l7The USDCAD price surpassed 1.3690$ level and closed the daily candlestick above it, to stop the correctional bearish scenario and head towards building bullish wave on the intraday basis, targeting visiting 1.3810$ followed by 1.3845$ levels as initial main stations.

Therefore, the bullish bias will be expected for today supported by moving above the EMA50 unless breaking 1.3690$ and holding below it.

The expected trading range for today is between 1.3650$ support and 1.3780$ resistance.

Trend forecast: Bullish

Origin: Economies

 

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