The USDCAD achieves clear gains – Analysis - 27-03-2023
Economies.com
2023-03-27 03:04AM UTC
The USDCAD pair rallied upwards strongly to breach the resistance line that appears on the chart and settles above it, to turn to rise on the intraday basis, as it tested 1.3800 barrier, and we suggest heading to achieve additional gains that reach 1.3860.
Therefore, the bullish bias will be expected for today, supported by moving above the EMA50, taking into consideration that breaking 1.3710 followed by 1.3680 will stop the positive scenario and press on the price to build bearish wave that its main targets reach 1.3500.
The expected trading range for today is between 1.3660 support and 1.3810 resistance.
The expected trend for today: Bullish
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