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March 23, 2026
NEWS: USDCAD price is falling -0.5% after President Trump announced a 5 day pause on striking Iranian energy infrastructure.
Possible Scenarios:
If USDCAD fails to breach through S1 of 1.3663, our Analysis Department expects USDCAD to undergo a short- term upward correction.
If USDCAD manages to break below its S1 of 1.3663, our Analysis Department expects the USDCAD to extend its losses to its S2 of 1.36478
Support and Resistance Levels:
|
USDCAD |
S3 |
S2 |
S1 |
Reference Price |
R1 |
R2 |
R3 |
|
1.36326 |
1.36478 |
1.36630 |
1.36833 |
1.37036 |
1.37188 |
1.37340 |
Potential Profit or Potential Loss Calculations:
|
10 pips per 1 trading lot* |
USD |
EUR** |
GBP*** |
||
|
(+/-) $73.11 |
(+/-) €62.82 |
(+/-) £54.27 |
|||
*1 trading lot is equivalent of 100.000 units
**EUR/USD = 1.16379
***GBP/USD = 1.34730
Calculations for exchange rate used as of Monday, March 23, 2026, 14:41: GMT