The USDCAD completes the negative pattern – Analysis - 29-03-2023
Economies.com
2023-03-29 02:33AM UTC
The USDCAD pair broke 1.3650 level strongly and closed the daily candlestick below it, to complete forming the triple top pattern that appears on the chart, opening the way to continue the expected bearish trend for the upcoming period, which targets 1.3500 as a next main station.
The EMA50 forms negative pressure that supports the continuation of the suggested bearish wave, which will remain valid unless the price rallied to breach 1.3650 followed by 1.3680 levels and hold above them.
The expected trading range for today is between 1.3500 support and 1.3650 resistance.
The expected trend for today: Bearish
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