USDCAD Weekly Analysis - February 7, 2015

Long Term Forex Analysis | by ForexCycle.com | Saturday, 07 February 2015 06:22 UTC
USDCAD stays above the upward trend line on daily chart, and remains in uptrend from 1.0619 (Jul 3, 2014 low), the fall from 1.2797 is likely consolidation of the uptrend. Range trading between 1.2250 and 1.2797 would likely be seen in a couple of weeks. Key support is located at the trend line, only a clear break below the trend line support could signal completion of the uptrend.

usdcad chart

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