The USDCAD price faces solid resistance – Forecast today - 26-03-2024
Economies.com
2024-03-26 02:16AM UTC
USDCAD Price Analysis
- The USDCAD price finds difficulty in surpassing the 1.3606$ level, indicating a slight bearish bias at present.
- Stochastic shows clear positive momentum, suggesting a potential for the price to resume the expected bullish trend in the upcoming period, with the next target at 1.3700$.
- The EMA50 provides positive support to the price, reinforcing expectations for a rise.
- If the decline continues and the price breaks below 1.3575, it may turn to decline and target 1.3505$ areas primarily.
Expected Trading Range for Today:
- Support: 1.3540$
- Resistance: 1.3660$
Trend Forecast: Bullish
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