USDCAD Daily Analysis – February 23, 2018

USDCAD extended its upside movement from 1.2450 to as high as 1.2757, breaking above 1.2688 resistance. Further rise could be expected in the coming days, and next target would be at 1.2800 area. Support is at 1.2650, only a breakdown below this level could bring price back to 1.2600 area.

USDCAD 4-hour chart