USDCAD Weekly Analysis – March 16, 2019

USDCAD remains in the downtrend from 1.3664, the bounce from 1.3068 is likely consolidation for the downtrend. Another fall towards 1.3150 is possible after the consolidation. Resistance is at 1.3467, only a break of this level could trigger further upside movement towards 1.3600.

USDCAD daily chart