USDCAD Weekly Analysis – April 1, 2018

USDCAD is facing 1.2803 support. A breakdown below this level would indicate that the upside movement from 1.2248 had completed at 1.3124 already, then the pair would find next support level at 1.2650, followed by 1.2350. On the upside, as long as 1.2803 support holds, fall from 1.3124 could be treated as consolidation for the uptrend and another rise towards 1.3500 is still possible after the consolidation.

USDCAD daily chart