USDCAD wavers as tariff headlines test key support and resistance zones ...Middle East

In the Asian session today, the pair dipped to a low of 1.4288, just above the rising 100-day moving average at 1.4278. That level provided support and helped stall the decline. Since then, price action has turned choppy, oscillating around the 200-bar MA on the H4 chart (currently near 1.4323) as traders brace for further tariff developments at 4 PM ET.

To the downside:

Below that, focus turns to 1.4236 (last week’s and early March lows), followed by the February lows at 1.4167 and 1.4150.

A move above 1.4342 would shift the bias back in favor of buyers.

Breaking above the box would signal a potential bullish breakout and continuation.

With the pair now caught between critical support and resistance levels, upcoming tariff news could be the catalyst that drives the next major move.

This article was written by Greg Michalowski at www.forexlive.com.

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