USDCAD Daily Analysis – March 13, 2019

USDCAD’s pullback from 1.3467 extended to as low as 1.3350. Deeper decline is still possible and next target would be at 1.3300 area. Resistance is at the falling trend line on the 4-hour chart, a breakout of the trend line resistance could trigger another bullish move towards 1.3500.

USDCAD 4-hour chart