USDCAD Daily Analysis – March 17, 2020

USDCAD extended its upside movement from 1.3201 to as high as 1.4019. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.4100 area. Key support is now at 1.3730, only break below this level could signal completion of the uptrend.

USDCAD 4-hour chart