USDCAD Weekly Analysis – March 20, 2016

USDCAD continued its downward movement from 1.4689, and the fall extended to as low as 1.2923. Further decline could be expected in a couple of weeks, and next target would be at 1.2500 area. Resistance is at 1.3450, only break above this level could signal completion of the downtrend.

usdcad chart