The USDCAD price hits the first target – Forecast today - 24-04-2024
Economies.com
2024-04-24 03:55AM UTC
USDCAD Price Analysis
USDCAD Scenario:
- The USDCAD price succeeded to touch our first waited negative target at 1.3660$ and attempts to break it, to support the continuation of the expected bearish trend for the upcoming period, noting that we expect to target 1.3620$ followed by 1.3565$ levels as next negative stations.
- The EMA50 supports the suggested bearish wave, which will remain valid conditioned by the price stability below 1.3760$.
Trading Range:
- The expected trading range for today is between 1.3580$ support and 1.3750$ resistance.
Trend forecast: Bearish
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