USDCAD - 21 Mar, trendline with Good news for CAD

21 Mar

USDCAD trend forecast March 21, 2025

💬USD/CAD tries to rebound from recent declines, hovering around 1.4330 during Asian trading hours on Friday. The pair could gain support as the US Dollar (USD) benefits from safe-haven demand amid escalating global trade tensions fueled by US tariff policies.

Federal Reserve (Fed) Chair Jerome Powell minimized the long-term inflationary effects of tariffs, describing them as temporary, though he acknowledged the heightened economic uncertainty. While the risk of recession has risen, Powell indicated that it remains relatively low.

💬 price moves slowly in the downtrend line, along with good news forecast for CAD today. selling pressure on USDCAD

🥇/// SELL USDCAD : zone 143.300 - 143.400

SL: 143.700

TP: 40 - 60 - 100pips ( 142.400 )

Safe and profitable trading

21 Mar

İşlem aktif

USDCAD Break Trend, tends to increase