The USDCAD price attempts to consolidate above the support – Forecast today – 23-09-2024

com-l7The USDCAD price hovers around 1.3562$ level, and attempts to keep its stability above it, which keeps the chances valid to continue the expected bullish trend on the intraday basis, affected by the previously completed double bottom pattern, waiting to test 1.3653$ as a first main target.

Stochastic provides positive signals that support the expected rise, which will remain valid unless breaking 1.3562$ and holding below it.

The expected trading range for today is between 1.3510$ support and 1.3630$ resistance.

Trend forecast: Bullish

Origin: Economies

 

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