USDCAD Weekly Analysis – March 6, 2016

USDCAD continued its downward movement from 1.4689, and the fall extended to as low as 1.3312. Further decline is still possible in a couple weeks, and next target would be at 1.3000 area. Resistance is at 1.3600, only break above this level could signal completion of the downtrend.

usdcad chart