USDCAD Weekly Analysis – March 1, 2015

USDCAD remains in uptrend from 1.0619 (Jul 3, 2014 low), the fall from 1.2797 is likely consolidation of the uptrend. Key support is at the upward trend line on daily chart, as long as the trend line support holds, the uptrend could be expected to resume, and one more rise to 1.3500 area is still possible.

usdcad chart