. Weekly USDCAD Price News & Technical Analysis - 21 March 2023

Weekly USDCAD Price News & Technical Analysis – 21 March 2023

Weekly USDCAD Price News & Technical Analysis – 21 March 2023

21 Apr 2023

USDCAD Technical Analysis: Weekly Chart

Weekly chart

In the weekly charts, USDCAD was trading in an up channel. USDCAD is currently trading below all SMA except MA (50).

RSI is in the buying zone which indicates bullishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 1.34000 the resistance level is at 1.37000

USDCAD was traded in an up channel before there is a downside breakout.

USDCAD Technical Analysis: Daily Chart

Weekly chart

In the daily charts, USDCAD was trading in a down channel. USDCAD is currently trading above all SMA except MA (50).

RSI is in the buying zone which indicates bullishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 1.34000 the resistance level is at 1.36000

USDCAD was traded in a down channel before there is an upside breakout.

How to Trade USDCAD this Week:

USDCAD will follow the downtrend until its trend reversal. So, remain bearish on USDCAD.

TRADE SUGGESTION- SELL AT 1.3000, TAKE PROFIT AT 1.26000, AND STOP LOSS AT 1.35000.