The USDCAD price surpasses the target – Forecast today – 09-10-2024

usd-cadThe USDCAD price succeeded to achieve our waited target at 1.3653$, starting today with additional positivity to surpass this level and attempt to hold above it, reinforcing the expectations of continuing the domination of the bullish trend and head to achieve additional gains that reach 1.3765$.

Therefore, our bullish overview will remain valid and active, noting that failing to consolidate above 1.3653$ might force the price to rebound bearishly and head to test 1.3562$ areas before any new attempt to rise.

The expected trading range for today is between 1.3600$ support and 1.3740$ resistance.

Trend forecast: Bullish

Origin: Economies

 

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