18 Mar 2019
USD/CAD Technical Analysis: Today's close pivotal
USD/CAD created a big doji candle - a sign of indecision in the market place - neutralizing the immediate bearish move.
Notably, the doji candle has appeared near 1.3290, a level where sellers ran out of steam in the previous two trading sessions.
A close below 1.3287, therefore, would confirm bearish doji continuation, i.e. resumption of the sell-off from the March 7 high of 1.3467.
A bullish reversal would be confirmed if the spot sees a close above 1.3371 (Doji candle's high) today.
Daily chart
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Trend: Neutral