USDCAD Weekly Analysis – March 5, 2017

USDCAD broke above 1.3387 resistance, indicating that the long term uptrend from 1.2460 (May 3, 2016 low) has resumed. Further rise could be expected over the next several weeks, and next target would be at 1.4000 area. Support is at 1.3250, only break below this level could trigger another fall towards 1.2800.

USDCAD chart