USDCAD Daily Analysis – March 3, 2020

USDCAD broke below the support of the rising trend line on the 4-hour chart, suggesting that the upside movement from 1.3201 had completed at 1.3463 already. Further decline would likely be seen and next target would be at 1.3250 area. Near term resistance is at 1.3395, above this level could trigger another rise towards 1.3500.

USDCAD 4-hour chart