USDCAD Weekly Analysis – March 15, 2015

USDCAD broke above 1.2797 resistance, indicating that the uptrend from 1.0619 (Jul 3, 2014 low) has resumed. Further rise could be expected, and next target would be at 1.3500 area. Support is at 1.2600, only break below this level will indicate that lengthier consolidation for the uptrend is needed, then another fall to test the support of the upward trend line on daily chart could be seen.

usdcad chart