USDCAD Weekly Analysis - February 16, 2014

Long Term Forex Analysis | by ForexCycle.com | Sunday, 16 February 2014 07:53 UTC
USDCAD stays above the upward trend line on daily chart, and remains in uptrend from 1.0182, the fall from 1.1224 could be treated as consolidation of the uptrend. As long as the trend line support holds, the uptrend could be expected to resume, and one more rise towards 1.1500 is still possible. Only a clear break below the trend line support could signal completion of the uptrend.

usdcad chart

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