The USDCAD price is recovering – Forecast today – 28-10-2024

com-l7The USDCAD price surpassed 1.3860$ level to stop the bearish correction and head towards resuming the main bullish trend, on its way to achieve positive targets that start by visiting 1.3977$ areas.

Therefore, the bullish bias will be suggested for today, it might be preceded by some sideways fluctuation affected by stochastic negativity, noting that breaking 1.3845$ will stop the bullish wave and push the price to achieve new bearish correction.

The expected trading range for today is between 1.3840$ support and 1.3970$ resistance

Trend forecast: Bullish

Origin: Economies

 

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