USDCAD Daily Analysis – February 28, 2018

USDCAD broke above 1.2757 resistance, suggesting that the upside movement from 1.2450 has resumed. Further rise could be expected and next target would be at 1.2850 area. Key support is now at 1.2614, only a breakdown below this level could bring price back to 1.2500 area.

USDCAD 4-hour chart