FX.co ★ USD/CAD analysis for March 27, 2023 - Failed breakout of the upside and potential for the downside movement

Technical analysis:

USD/CAD has been trading downside and in the background I sad failed breakout of the range to the upside, which is good sign for the further downside movement.

Due to the failed breakout of the trading range to the upside, I see potential for the downside movement towards lower extreme of the trading range.

Downside objective is set at the price of 1.3650

Key resistance is set at the price of 1.3800