USDCAD Weekly Analysis – March 4, 2018

USDCAD extended its upside movement from 1.2248 to as high as 1.2915, facing the previous high resistance at 1.2920. A breakout of this level could take price to 1.3200 area. Support is at the rising trend line on the daily chart, only a clear break below the trend line support could signal completion of the uptrend.

USDCAD daily chart