USDCAD Weekly Analysis – March 11, 2017

USDCAD remains in uptrend from 1.2460 (May 3, 2016 low). The price action from 1.3598 is likely consolidation of the uptrend. Further rise could be expected after the consolidation and next target would be at 1.4000 area. Near term support is at 1.3250, only break below this level could trigger another fall towards 1.2800.

USDCAD chart