USD/CAD Remains Under Pressure — Forecast — March 23rd 2017

In this video, the Trading Central looks at the currency pair USD/CAD for the March 23rd session.

USD/CAD — Looking at the intraday 30-min chart, the pair remains under pressure below the strong horizontal resistance at 1.3360. It remains also capped by the declining 50-period Moving Average which is turning down. Further weakness is also expected below the overhead resistance. The first target is set at 1.3285 and the next target at 1.3260, which is last Tuesday’s low.

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