USDCAD Daily Analysis – March 17, 2017

USDCAD is now in downtrend from 1.3535, the rise from 1.3276 is likely consolidation of the downtrend. Further decline is still possible after the consolidation and next target would be at 1.3100 area. Resistance is at 1.3380, as long as this level holds, the downtrend will continue.

USDCAD chart