The USDCAD price is stable – Forecast today – 17-09-2024

usd_cad_news_prognozThe USDCAD price shows sideways trades in the previous sessions, settling above 1.3562$ level, while the positive effect of the double bottom pattern still active, waiting to rise again to achieve our next positive target at 1.3653$, noting that breaching this level will extend the bullish wave to reach 1.3700$ followed by 1.3765$ areas as next main stations.

Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 1.3562$ and holding below it.

The expected trading range for today is between 1.3530$ support and 1.3665$ resistance.

Trend forecast: Bullish

Origin: Economies

 

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