USDCAD Daily Analysis – March 30, 2017

After touching 1.3409 resistance, USDCAD pulled back to 1.3330, indicating that lengthier sideways movement is underway. The 1.3264 support would be tested, and a breakdown below this level will signal resumption of the downtrend from 1.3535, then next target would be at 1.3100 area. Resistance is at 1.3409, only break above this level could trigger another rise towards 1.3600.

USDCAD chart