USDCAD Daily Analysis – February 19, 2020

USDCAD broke above 1.3270 resistance, suggesting that the downside movement from 1.3328 had completed at 1.3224 already. Further rally would likely be seen and next target would be at 1.3300 area. Support is at 1.3224, only break below this level could trigger further downside movement to 1.3180 area.

USDCAD 4-hour chart