USD/CAD Daily Analysis – Tuesday, March 12

USD/CAD is in consolidation for the uptrend from 1.3112. Range trading between 1.3345 and 1.3467 would likely be seen in a couple of days. Key support is at 1.3345, as long as this level holds, the upside movement could be expected to resume and further rise towards 1.3500 is still possible. Only a breakdown below 1.3345 support could signal completion of the uptrend.

USDCAD 4-hour chart

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.