USD/CAD Weekly Analysis – Tuesday, March 27


USD/CAD is testing 1.2803 support. A breakdown below this level would indicate that the uptrend from 1.2247 (Jan 31 low) had completed at 1.3124 already, then deeper decline towards 1.2650 support could be seen. On the upside, a breakout of 1.2948 resistance could bring price back to next resistance level at 1.3000. Above here would aim 1.3124 previous high.

USDCAD 4-hour chart

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