- March 11, 2026
- Posted by: EWGFX
- Category: Technical analysis
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As you can see, USDCAD has been in consolidation mood for a few days now, and it is struggling with March 9TH NWOG to go through it but has not been successful yet. And it is currently being traded at 1.3568, just above the NWOG low at 1.3565.
I expect USDCAD to go for the NWOG C.E. retest at 1.3582, if it goes through it and stabilizes there, it could go higher to the 1.3614 resistance level.
However, not being able to go through the C.E. may indicate further drop for USDCAD, to go below the 1.3525 to sweep the liquidity there and then another upwards move.
Targets in case of going through the NWOG C.E.: 1.3575, 1.3583, 1.3591 and 1.3600.
If it fails: 1.3560, 1.3550, 1.3540 and 1.3530.