USDCAD Daily Analysis – Monday, March 23

USDCAD remains in the uptrend from 1.3201, the pullback from 1.4667 is likely consolidation for the uptrend.

USDCAD remains in the uptrend from 1.3201, the pullback from 1.4667 is likely consolidation for the uptrend.

As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.4800 area. Only break below the trend line support could signal completion of the uptrend.

USDCAD 4-hour chart

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