USDCAD Daily Analysis – March 13, 2017

USDCAD remains in uptrend from 1.3009, the fall from 1.3535 is likely consolidation of the uptrend. Near term support is at the bottom of the price channel on 4-hour chart. As long as the channel support holds, the uptrend could be expected to resume, and further rise to 1.3600 area is still possible.

USDCAD chart