USD/CAD Daily Analysis – Monday, March 11

USD/CAD broke below 1.3413 support, suggesting that consolidation for the uptrend from 1.3112 is underway. Range trading between 1.3345 and 1.3467 would likely be seen in a couple of days. As long as 1.3345 support holds, the upside movement could be expected to resume, further rise towards 1.3500 area is still possible after the consolidation.

USDCAD 4-hour chart

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