USDCAD Daily Analysis – March 13, 2020

USDCAD extended its upside movement from 1.3201 to as high as 1.3960. Further rise is still possible after a minor consolidation and next target would be at 1.4050 area. Support is located at the rising trend line on the 4-hour chart, as long as the trend line support holds, the uptrend will continue.

USDCAD 4-hour chart