USD/CAD Daily Analysis – Friday, March 15

USD/CAD remains in the downtrend from 1.3467, as long as the price is below the trend line, the bounce from 1.3286 could be treated as consolidation for the downtrend. Further decline could be expected in a couple of days and next target would be at 1.3250 area. Only a break of the trend line resistance could signal completion of the downtrend.

USDCAD 4-hour chart

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