USD/CAD analysis for March 30, 2023 – First downside objective reached and potential for the further downside movement
March 30, 2023 7:25 am
Technical analysis:
USD/CAD has been trading downside as I expected and the price reached first objective at 1.2560. Anyway, the sellers are in control and I see potential for the further downside movement.
Due to the breakout of the multi day consolidation I see potential for the further downside movement towards lower references.
Downside objectives are set at 1.3520 and 1.3470
MACD oscillator is showing downside reading, which is another good sign for the further downside movement.
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
USD/CAD
has been trading
downside as I expected and the price reached first objective at
1.2560. Anyway, the sellers are in control and I see potential for
the further downside movement.
Due
to the breakout
of the multi day consolidation I see potential for the further
downside movement towards lower references.
Downside
objectives are set at 1.3520 and 1.3470
MACD
oscillator is showing downside reading, which is another good sign
for the further downside movement.
The material has been provided by InstaForex Company – www.instaforex.com
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