USDCAD Daily Analysis – March 16, 2015

USDCAD’s upward movement from 1.2406 extended to as high as 1.2823. Near term support is at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 1.3000 area. Key support is at 1.2618, only break below this level could bring price back to 1.2400 zone.

usdcad chart