USDCAD Daily Analysis – March 15, 2017

USDCAD stays in a ascending price channel on 4-hours chart, and remains in uptrend from 1.3009. As long as the channel support holds, the fall from 1.3535 could be treated as consolidation of the uptrend and further rise to 1.3600 area is still possible after the consolidation. Key support is now at 1.3421, only break below this level could signal completion of the uptrend.

USDCAD chart