The USDCAD price resumes the rise – Forecast today – 18-10-2024 – ForexNews.PRO
The USDCAD price bounced bullishly after approaching 23.6% Fibonacci correction level, to head towards resuming the main bullish trend, waiting to test 1.3838$ initially, noting that breaching it will push the price towards 1.3900$ as a next positive station.
The EMA50 supports the expected rise, noting that breaking 1.3739$ will stop push the price to achieve additional bearish correction that its next target reaches 1.3678$.
The expected trading range for today is between 1.3680$ support and 1.3810$ resistance
Trend forecast: Bearish
Origin: Economies
