The USDCAD price achieves strong gains – Forecast today – 31-01-2025

com-l7The USDCAD price rallied upwards strongly yesterday, as it breached 1.4467$ and reached 1.4595$ areas, to return to the bullish channel and head towards achieving more positive targets in the upcoming period, noting that the next main station reaches 1.4700$.

Therefore, the bullish trend will be suggested for today, noting that breaking 1.4450$ will push the price to decline again and start bearish correction on the intraday basis.

The expected trading range for today is between 1.4420$ support and 1.4560$ resistance

Trend forecast: Bullish

Origin: Economies

 


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