USDCAD Daily Analysis – March 12, 2020

USDCAD continued its upside movement from 1.3201 and the rise extended to as high as 1.3819. Further rise would likely be seen and next target would be at 1.3850 area. Near term support is at 1.3680, a breakdown below this level could bring the price back towards 1.3500.

USDCAD 4-hour chart