USDCAD Daily Analysis – March 20, 2020

USDCAD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.3201. As long as the trend line support holds, the pullback from 1.4667 could be treated as consolidation for the uptrend, and further rise to 1.4800 area is still possible after the consolidation. Only break below the trend line support could signal completion of the uptrend.

USDCAD 4-hour chart