The CAD Is Gaining Strength as the USD Weakens Further

Azeez Mustapha


Unlock Daily Forex Signals

Select a Plan


1 - month



3 - month



6 - month






Separate Swing Trading Group



Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored

Service for copy trading. Our Algo automatically opens and closes trades.


The L2T Algo provides highly profitable signals with minimal risk.


24/7 cryptocurrency trading. While you sleep, we trade.


10 minute setup with substantial advantages. The manual is provided with the purchase.


79% Success rate. Our outcomes will excite you.


Up to 70 trades per month. There are more than 5 pairs available.


Monthly subscriptions begin at £58.

USDCAD Market Analysis – March 23

The CAD is gaining strength as the USD weakens further. The price reached the yearly high at the 1.2900 resistance level the previous year on December 20th. A reversal at the resistance level caused the CAD to gain strength as the USD weakened. As the bulls purchased the CAD, the market dived into the 1.250 demand zone. Multiple rejections were seen from the 13th of January this year till the 20th of January. Candlestick shadows formed under the daily candles from that 13th.

Significant Zones on USDCAD

Support Zone: 1.2600, 1.2500
Resistance Zone: 1.2900, 1.2800

The Cad Is Gaining Strength as the USD Weakens Further USDCAD Long Term Trend: Bearish

The support zone allowed more USD to be bought. The Parabolic SAR indicated bullishness in the market. The increased rate of purchasing the USD led to a rise in price. At this point, the USD was gaining strength as the CAD weakened. The bulls experienced resistance at 1.280. The market consolidated throughout February.

The buyers of USD stormed the market once more as the demand zone at 1.260 aided the bulls. The resistance zone at 1.280 could no longer hold. The bulls pushed through the zone and back to 1.290. The buyers of USD got exhausted at 1.290. A crash in the market was the resultant effect.

The Cad Is Gaining Strength as the USD Weakens Further USDCAD Short Term Trend: Bearish

The downward move from 1.290 was initiated on the 1.290 with three falling soldiers. Eventually, there was a change in the market’s direction. The CAD is currently gaining strength as the USD weakens further. The four-hour chart shows the demand zone at 1.260 has been bridged by the sellers of the USD. The bears are currently aiming for the next demand zone at 1.250. The Stochastic indicator on the daily is presently showing the USD is oversold. A reversal is likely to occur at 1.2500.

How To Buy Lucky Block 

Note: is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *