USDCAD Daily Analysis – March 9, 2017

After consolidation, USDCAD continued its upward movement from 1.3009 and the rise extended to as high as 1.3500. Further rise is still possible after a minor consolidation and next target would be at 1.3600 area. Key support is at 1.3372, only break below this level could signal completion of the uptrend.

USDCAD chart