Daily Market Analytics - Forex

[FXOpen Trader]

USDCAD Technical Analysis – 12th MAR, 2026
USDCAD – USDCAD’s advance to 1.3604 extends its bullish momentum

 
USDCAD – High 1.3604 (11 Mar 2026)

Technical Structure:
USDCAD’s advance to 1.3604 extends its bullish momentum, marking a retest of resistance last seen in late 2025. On the daily chart, RSI near 60 reflects bullish momentum, while MACD shows positive expansion, confirming sustained upside pressure. Price action remains supported by the 20 day moving average, reinforcing structural resilience. On the weekly chart, the pair is trending within an ascending channel, highlighting constructive bias.

Key Levels:
•    Immediate resistance: 1.3604 / 1.3640
•    Secondary resistance: 1.3700
•    Support: 1.3530 / 1.3480

Scenario Outlook:
A decisive break above 1.3640 would validate bullish continuation toward 1.3700, while failure to break higher could see consolidation back toward 1.3530–1.3480. Intraday oscillators show potential for corrective dips, but broader bias remains constructive. Fundamentally, CAD remains sensitive to oil prices, while USD strength reflects monetary divergence. Traders should monitor 1.3600–1.3640 as the pivot: holding above it favors continuation, while rejection signals consolidation. The broader bias remains bullish unless price breaks below 1.3480 with conviction.

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Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

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USDCHF Technical Analysis – 12th MAR, 2026
USDCHF – USDCHF’s climb to 0.7820 marks a notable push into resistance territory

 
USDCHF – High 0.7820 (11 Mar 2026)

Technical Structure:
USDCHF’s climb to 0.7820 marks a notable push into resistance territory, extending gains above the 50 day moving average. On the daily chart, RSI near 65 reflects bullish momentum, while MACD remains positive, confirming sustained upside pressure. The weekly chart shows price trending within an ascending structure, reinforcing constructive bias.

Key Levels:
•    Immediate resistance: 0.7820 / 0.7880
•    Secondary resistance: 0.7950
•    Support: 0.7800 / 0.7740

Scenario Outlook:
The pair’s ability to sustain above 0.7800 will be critical for continuation toward 0.7880–0.7950. A rejection at current levels could trigger a pullback toward 0.7740, where moving average support converges. Intraday oscillators show potential for corrective dips, but broader bias remains constructive. Fundamentally, USD strength reflects monetary divergence, while CHF weakness reflects reduced safe haven demand. Traders should monitor 0.7820 as the pivot: holding above it favors continuation, while rejection signals corrective retracement. The broader bias remains bullish unless price breaks below 0.7740 decisively.

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Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

For in-depth analysis, please check ...

[FXOpen Trader]

USDJPY Technical Analysis – 12th MAR, 2026
USDJPY - USDJPY’s surge to 159.23 underscores strong bullish momentum
 

USDJPY – High 159.23 (11 Mar 2026)

Technical Structure:
USDJPY’s surge to 159.23 underscores strong bullish momentum, marking a breakout above prior resistance at 158.50. On the daily chart, RSI above 70 confirms overbought conditions, while MACD remains firmly positive, showing strong alignment and widening histogram bars. The weekly chart highlights an extended uptrend, with price trending well above the 50 week moving average, reinforcing structural strength.

Key Levels:
•    Immediate resistance: 159.23 / 160.50
•    Secondary resistance: 162.00
•    Support: 157.80 / 156.50

Scenario Outlook:
The breakout above 158.50 validates bullish continuation, opening scope for 160.50–162.00. However, overbought conditions suggest corrective dips toward 157.80–156.50 should not be ruled out. Intraday oscillators show divergence, hinting at potential exhaustion of buying pressure. Fundamentally, yen weakness continues to underpin the rally, driven by yield differentials and accommodative monetary policy. Traders should monitor 159.20 as the pivot: holding above it favors continuation toward higher targets, while rejection signals corrective consolidation. The long term bias remains bullish, but tactical pullbacks are likely before further extension.

#fxopen #forex #forexanalysis

Disclaimer: This analysis represents my own opinion only. It is not to be construed as an opinion, offer, solicitation, recommendation, or financial advice of the Companies operating under the FXOpen brand.

For in-depth analysis, please check ...