The USDCAD price attempts positively – Forecast today - 02-04-2024
Economies.com
2024-04-02 01:41AM UTC
Market Analysis for USDCAD Price
- The USDCAD price bounced upwards after approaching the 1.3505$ level, entering a sideways track represented by the support and 1.3606$ resistance.
- The sideways movement is suggested on the intraday basis until the price manages to surpass one of these levels.
- Breaking the support will lead to a new bearish correction, targeting 1.3440$, while breaching the resistance is crucial to resume the main bullish trend and achieve gains starting at 1.3700$.
The expected trading range for today is between 1.3500$ support and 1.3640$ resistance.
Trend forecast: Sideways
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