USDCAD Daily Analysis – March 6, 2020

USDCAD extended its upside movement from 1.3314 to as high as 1.3438. Further rise would likely be seen and next target would be at 1.3463 resistance, followed by 1.3500 area. Near term support is at 1.3375, a breakdown below this level could trigger another fall towards 1.3300.

USDCAD 4-hour chart