USDCAD Weekly Analysis – March 1, 2020

USDCAD broke above the falling price channel on the daily chart and extended its upside movement from 1.2951 to as high as 1.3463. Further rise could be expected in a couple of weeks and next target would be at 1.3600 area. Support is located at the rising trend line, only break below the trend line support could signal completion of the uptrend.

USDCAD daily chart