USDCAD Daily Analysis – March 14, 2019

USDCAD stays below a fall trend line on the 4-hour chart and remains in the downtrend from 1.3467. Further decline is still possible after a minor consolidation and next target would be at 1.3250 area. Only a break of the trend line resistance could signal completion of the downtrend.

USDCAD 4-hour chart