USDCAD Daily Analysis – Monday, March 2

USDCAD pulled back from 1.3463. The fall is likely consolidation for the uptrend from 1.3201, as long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.3500 area.

Only break below the trend line support could signal completion of the uptrend.

USDCAD 4-hour chart

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