USD/CAD Daily Analysis – Thursday, Feb. 28

USD/CAD is facing 1.3112 support, a breakdown below this level could signal resumption of the downtrend from 1.3339, then next target would be at 1.3000 area. Resistance is at 1.3241, only a break of this level could signal completion of the downtrend.

USDCAD 4-hour chart

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.


Leave a comment to automatically be entered into our contest to win a free Echo Show.