FX.co ★ USD/CAD analysis for March 30, 2023 - First downside objective reached and potential for the further downside movement

Technical analysis:

USD/CAD has been trading downside as I expected and the price reached first objective at 1.2560. Anyway, the sellers are in control and I see potential for the further downside movement.

Due to the breakout of the multi day consolidation I see potential for the further downside movement towards lower references.

Downside objectives are set at 1.3520 and 1.3470

MACD oscillator is showing downside reading, which is another good sign for the further downside movement.