The USDCAD price resumes the rise– Forecast today – 18-12-2024

usd_cad_forex_The USDCAD price traded with clear positivity yesterday, starting today with additional rise to approach our new waited target at 1.4350$, and the way seems open to surpass this level to achieve additional gains that extend to 1.4460$.

Holding above 1.4250$ represents initial condition to the continuation of the suggested bullish wave, as breaking it will put the price under negative pressure and might head to visit 1.4115$ before any new positive attempt.

The expected trading range for today is between 1.4260$ support and 1.4400$ resistance

Trend forecast: Bullish

Origin: Economies

 

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