USDCAD Daily Analysis – February 27, 2020

USDCAD extended its upside movement from 1.3201 to as high as 1.3346, breaking above 1.3328 resistance. Further rise could be expected after a minor consolidation and next target would be at 1.3400 area. Support is located at that rising trend line on the 4-hour chart, only break below the trend line support could signal completion of the uptrend.

USDCAD 4-hour chart