USDCAD Weekly Analysis – March 22, 2020

USDCAD’s upside movement from 1.2951 extended to as high as 1.4667. Further rise would likely be seen and next target would be at 1.5200 area. Near term support is at 1.4140, a breakdown below this level could bring the price back to 1.3860 area.

USDCAD daily chart