The USDCAD price needs additional positive momentum – Forecast today – 29-07-2024

news_22_feb_cad_usd_2The USDCAD price tested 1.3845$ and finds solid resistance there, waiting to get positive motive that assist to push the price to breach this level and open the way to rally towards our next positive target that reaches 1.3977$.

Therefore, we will continue to suggest the bullish trend for the upcoming period, reminding you that breaking 1.3790$ will put the price under negative pressure and might head to visit 1.3690$ areas before any new attempt to rise.

The expected trading range for today is between 1.3760$ support and 1.3900$ resistance.

Trend forecast: Bullish

Origin: Economies

 

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