USDCAD Wave Analysis – 3 March, 2022

• USDCAD reversed from support level 1.260
• Likely to rise to resistance level 1.2800

USDCAD currency pair recently reversed up from the key support level 1.260 (which has been reversing the pair from the end of January).

The upward reversal from the support level 1.260 stopped the previous intermediate ABC correction 2.

Given the prevailing daily uptrend – USDCAD can be expected to rise further toward the next resistance level 1.2800.