USDCAD Weekly Analysis – March 13, 2016

USDCAD’s downward movement from 1.4689 extended to as low as low as 1.3167. Further decline could be expected after a minor consolidation, and next target would be at 1.3000 area. Resistance is at 1.3500, only break above this level could signal completion of the downtrend.

usdcad chart