The USDCAD approaches the target – Analysis - 31-03-2023
Economies.com
2023-03-31 02:03AM UTC
The USDCAD pair continues to decline to reach the thresholds of the waited target at 1.3500, affected by the triple top pattern that has negative targets that surpass the mentioned level to reach 1.3450.
Therefore, we will continue to suggest the bearish trend for the upcoming period, supported by the negative pressure formed by the EMA50, noting that breaching 1.3540 will stop the expected decline and lead the price to start recovery attempts that target testing 1.3650 followed by 1.3680 areas initially.
The expected trading range for today is between 1.3440 support and 1.3570 resistance.
The expected trend for today: Bearish
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