The USDCAD attempts to return to the channel – Analysis 22-08-2023

usd_cad_forex_1The USDCAD pair fluctuates around the broken support of the bullish channel, and attempts to return to it, while the EMA50 continues to provide the positive support to the price.

Therefore, we will continue to suggest the bullish trend for the upcoming period, which depends on the price stability above 1.3500, reminding you that our expected targets begin at 1.3595 and extend to 1.3680.

The expected trading range for today is between 1.3485 support and 1.3600 resistance.

The expected trend for today: Bullish

Origin: Economies

 

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