USDCAD Weekly Analysis – April 2, 2017

USDCAD broke below the ascending price channel on daily chart, indicating that the upward movement from 1.2968 had completed at 1.3534 already. Another fall to 1.2900 area would likely be seen over the next several weeks. Resistance is at 1.3598, only break above this level could bring price back to the uptrend.

USDCAD chart