USDCAD Daily Analysis – March 16, 2020

USDCAD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.3201. As long as the channel support holds, the pullback from 1.3994 could be treated as consolidation for the uptrend, and further rise to 1.4100 area is still possible. Key support is at 1.3705, only break below this level could signal completion of the uptrend.

USDCAD 4-hour chart