USDCAD Daily Analysis – February 25, 2020

USDCAD broke above 1.3278 resistance, suggesting that the downside movement from 1.3328 had completed at 1.3201 already. Further rise could be expected over the next several days and next target would be at 1.3350 area. Near term support is at 1.3250, only break below this level could trigger another fall towards 1.3180.

USDCAD 4-hour chart