USDCAD Weekly Analysis – March 29, 2015

USDCAD remains in uptrend from 1.0619 (Jul 3, 2014 low), the sideways movement in the range between 1.2351 and 1.2835 is likely consolidation of the uptrend. Key support is at 1.2351, as long as this level holds, the uptrend could be expected to resume, and another rise towards 1.3500 is still possible.

usdcad chart