USD/CAD Daily Analysis – Wednesday, March 6

USD/CAD extended its upside movement from 1.3112 to as high as 1.3365. Further rise is still possible and next target would be at 1.3450 area. Support is at 1.3320, a breakdown below this level could bring the price back to 1.3280, followed by 1.3240.

USDCAD 4-hour chart

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