USD/CAD Daily Analysis – Thursday, March 7

USD/CAD’s upside movement from 1.3112 extended to as high as 1.3456. Further rise could be expected after a minor consolidation and next target would be at 1.3500 area. Support is at 1.3380, only a breakdown below this level could signal completion of the uptrend.

USDCAD 4-hour chart

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