USDCAD Future Direction Hinges on 1.3300 | Forex Forecast for March 3, 2020
The USDCAD is holding above that 1.3300 key support area. However, the recent pullback does raise some questions as to whether this is another false break from the US dollar. Watch today’s video to get all of the details.
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USDCAD Future Direction Hinges on 1.3300
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On February 27th, I discussed a potential bullish breakout from the USDCAD.
The pair had just closed above the confluence of resistance at 1.3300.
It’s the intersection of descending channel resistance from the September 2019 high and a more significant channel top from the 2016 high.
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