EURUSD hitting resistance
The Canadian dollar slipped as robust US data continues to lift the greenback. Overall, sentiment remains upbeat from the daily chart’s perspective. A break above 1.3500 over the 20-day SMA has again caught buyers’ eyes. A successful rebound would keep the greenback on the front foot. 1.3560, right under the recent peak of 1.3600, is a crucial hurdle and its breach would extend gains towards 1.4000.
UK 100 jumps out of bullish channel
The US dollar gained over 80 pips as traders prepared for a dovish Fed testimony. A drop below 1.0930 shows strong bearish intent that the greenback is recovering. As the RSI dropped into oversold territory, a bullish divergence threatened to end the bear run. A close below the February low of 1.0700 would reinforce the downward bias and open the door to extending the supply zone to around 1.6500.
USDCAD bounces back
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منبع: https://www.orbex.com/blog/en/2024/03/intraday-analysis-the-dollar-awaits-feds-signal