The USDCAD breaks the support – Analysis - 21-03-2023
Economies.com
2023-03-21 04:24AM UTC
The USDCAD pair managed to break 1.3680 level and close the daily candlestick below it, which supports the continuation of the expected bearish trend scenario efficiently for the upcoming period, opening the way to head towards 1.3500 that represents our next main target.
The triple top pattern forms negative pressure that supports the continuation of the suggested bearish bias, and breaking 1.3655 will ease the mission of achieving the waited target, taking into consideration that breaching 1.3680 followed by 1.3710 levels will stop the current negative pressure and lead the price to attempt to recover.
The expected trading range for today is between 1.3590 support and 1.3740 resistance.
The expected trend for today: Bearish
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