Technical analysis of USD/CAD for March 19, 2019 888011000 110888 Introduction: The USD/CAD pair continues to move up-wards from the level of 1.3228. Today, the first assistance level is presently seen at 1.3228. The price is relocating a bullish channel now. Additionally, the rate has set above the strong support at the level of 1.3228, which accompanies the 61.8% Fibonacci retracement level. This assistance has been turned down three times validating the accuracy of an uptrend. According to the previous events, we expect the USD/CAD set to trade in between 1.3228 and 1.3328. The assistance stands at 1.3228, while everyday resistance is found at 1.3328. The market is most likely to show indications of a bullish pattern around the area of 1.3228. To put it simply, purchase orders are advised above 1.3228 with the very first target at the level of 1.3328 and continue towards 1.3295. However, if the USD/CAD set fails to break through the resistance level of 1.3328 today, the market will decrease further to 1.3166 -1.3200. The material has actually been provided by InstaForex

By | March 19, 2019

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