USDCAD Daily Analysis – March 19, 2020

USDCAD extended its upside movement from 1.3201 to as high as 1.4656. Further rise is still possible after a minor consolidation and next target would be at 1.4800 area. Near term support is at 1.4335, only break below this level could bring the price back towards the rising trend line on the 4-hour chart.

USDCAD 4-hour chart