USDCAD Daily Analysis – February 24, 2020

USDCAD is facing 1.3278 resistance, a breakout of this level would indicate that the downtrend from 1.3328 had completed at 1.3201 already, then another rise towards 1.3300 could be seen. On the downside, as long as 1.3278 resistance holds, the downtrend could be expected to resume, one more fall towards 1.3180 is possible.

USDCAD 4-hour chart