USDCAD Weekly Analysis - February 15, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 15 February 2015 06:46 UTC
USDCAD remains in uptrend from 1.0619 (Jul 3, 2014 low), the fall from 1.2797 could be treated as 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 upward trend line on daily chart, only a clear break below the trend line support could signal completion of the uptrend.

usdcad chart

Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.


Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.