USDCAD Weekly Analysis – March 10, 2019

USDCAD broke above 1.3375 resistance, suggesting that the downside movement from 1.3664 had completed at 1.3068 already. Further rally could be expected and next target would be at 1.3600 area. Support is at 1.3300, a breakdown below this level could trigger another fall towards 1.2900.

USDCAD daily chart