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USDCAD 3.3.2025
General Trend:
The overall trend is medium-term bullish; however, the price is facing a key resistance zone, which might lead to a corrective move before further upward continuation.
Expected Scenarios:
Bullish Scenario:
A breakout above 1.4472 could push the price towards 1.4513 and then 1.4530.
If the bullish momentum persists, the price may extend towards 1.4575.
Bearish Scenario:
Failure to break 1.4472 could initiate a corrective decline towards 1.4178.
A break below 1.4178 may trigger further downside movement towards 1.4100.
Key Levels:
Resistances: 1.4472 - 1.4513 - 1.4575
Supports: 1.4178 - 1.4100 - 1.4050
Disclosure of risk: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.
