USD/CAD Daily Analysis – Friday, March 16


USD/CAD broke above 1.3000 resistance, suggesting that the uptrend from 1.2247 has resumed. Further rise could be expected after a minor consolidation and next target would be at 1.3150 area. Support levels are at 1.3025 and 1.2980, only break below these levels could bring price back to 1.2850 zone.

USDCAD 4-hour chart

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