USD/CAD Weekly Analysis – Sunday, March 10

USD/CAD broke above 1.3375 resistance, suggesting that the downside movement from 1.3664 had completed at 1.3068 already.

A further rally could be expected and the next target would be at the 1.3600 area.

Support is at 1.3300 and a breakdown below this level could trigger another fall towards 1.2900.

USDCAD daily chart

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