USDCAD Daily Analysis – Thursday, Feb. 27

USDCAD extended its upside movement from 1.3201 to as high as 1.3346, breaking above 1.3328 resistance.

Further rise could be expected after a minor consolidation and next target would be at 1.3400 area.

Support is located at that rising trend line on the 4-hour chart, only break below the trend line support could signal completion of the uptrend.

USDCAD 4-hour chart

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