The USDCAD price approaches the target – Forecast today – 08-10-2024

usd_cad_forex_2The USDCAD price resumed its positive trading to reach the thresholds of the waited target at 1.3653$ now, and the way seems open to surpass this level to achieve additional gains in the upcoming sessions, noting that the next positive station extends to 1.3765$.

Stochastic current negativity might cause some sideways fluctuation before resuming the expected rise, which will remain valid unless breaking 1.3562$ and holding below it.

The expected trading range for today is between 1.3570$ support and 1.3700$ resistance.

Trend forecast: Bullish

Origin: Economies

 

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