USDCAD Daily Analysis – March 25, 2020

USDCAD continued its sideways movement in a trading range between 1.4148 and 1.4667. As long as the price is above the rising trend line on the 4-hour chart, the sideways movement could be treated as consolidation for the uptrend from 1.3201, and further rise to 1.4800 area is possible after the consolidation. Key support is at 1.4148, only break below this level could signal completion of the uptrend.

USDCAD 4-hour chart