USDCAD Daily Analysis – March 24, 2020

USDCAD moved sideways in a trading range between 1.4148 and 1.4667. The price action in the range is likely consolidation of the uptrend from 1.3201, and further rise towards 1.4800 could be expected after the consolidation. Only break below the trend line support could signal completion of the uptrend.

USDCAD 4-hour chart