The USDCAD price awaits more rise – Forecast today – 16-09-2024

rub-l11The USDCAD price fluctuates near 1.3562$, and the EMA50 meets this support to add more strength to it, waiting to resume the positive trades to visit 1.3653$ that represents our next main target.

On the other hand, we should note that breaking 1.3562$ will stop the positive scenario and put the price under negative pressure that targets 1.3512$ followed by 1.3471$ areas mainly.

The expected trading range for today is between 1.3520$ support and 1.3640$ resistance.

Trend forecast: Bullish

Origin: Economies

 

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