USDCAD Daily Analysis – March 20, 2019

USDCAD extended its downside movement from 1.3467 to as low as 1.3250. Key resistance is at 1.3370, as long as this level holds, the downside movement could be expected to continue and next target would be at 1.3150 area. Only a break of 1.3370 resistance could signal completion of the downtrend.

USDCAD 4-hour chart