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USDCAD Weekly Analysis - April 12, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 12 April 2015 06:12 UTC
USDCAD continued its sideways movement in a range between 1.2351 and 1.2835. As long as 1.2351 support holds, the price action in the range could be treated as consolidation of the uptrend from 1.0619 (Jul 3, 2014 low), further rise towards 1.3500 is still possible after consolidation. Key support is at 1.2200, only break below this level could signal completion of the uptrend.

usdcad chart

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