USDCAD Daily Analysis – March 5, 2018

USDCAD is facing 1.2920 (Dec 19, 2017 high) resistance, a breakout of this level could take price towards 1.3100 area. Near term support is at 1.2809, a breakdown below this level could bring price back towards the bullish trend line on the 4-hour chart, only a clear break below the trend line support could signal completion of the uptrend.

USDCAD 4-hour chart