USDCAD Weekly Analysis - February 22, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 22 February 2015 13:13 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. Deeper decline to 1.2250 area to complete the consolidation is possible. 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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