The USDCAD hits the target – Analysis - 23-03-2020

Economies.com
2020-03-23 05:43AM UTC

The USDCAD pair succeeded to achieve our waited target at 1.4262 and bounced upwards strongly from there, which leads the price to resume the main bullish trend, waiting to test the recently recorded top at 1.4667 initially, noting that breaching this level will push the price to 1.4900 as a next main station.

 

We should note that breaking 1.4265 will stop the expected rise and presses on the price for more bearish correction that its initial targets reach 1.4015.

 

The expected trading range for today is between 1.4350 support and 1.4600 resistance.

The expected trend for today: Bullish

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