The USDCAD price approaches the first target – Forecast today – 21-10-2024

com-l7The USDCAD price settles around 1.3800$ barrier, waiting for more rise to test 1.3838$ that represents our first target, reminding you that surpassing this level will extend the bullish wave to reach 1.3900$.

Therefore, we will continue to suggest the bullish trend for the upcoming period, reminding you that breaking 1.3739$ will stop the positive scenario and force the price to achieve more bearish correction.

The expected trading range for today is between 1.3750$ support and 1.3880$ resistance

Trend forecast: Bearish

Origin: Economies

 

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