USDCAD Weekly Analysis – March 15, 2020

USDCAD extended its upside movement from 1.2951 to as high as 1.3994. Further rise would likely be seen after a minor consolidation and next target would be at 1.4500 area. Near term support is at 1.3670, a breakdown below this level could bring the price back towards the rising trend line on the daily chart.

USDCAD daily chart