USDCAD Weekly Analysis - May 3, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 03 May 2015 06:32 UTC
USDCAD's downward movement from 1.2835 extended to as low as 1.1945. Further decline is still possible after a minor consolidation, and next target would be at 1.1500 area. Resistance is at the top of the price channel on daily chart, as long as the channel resistance holds, the downtrend will continue.

usdcad chart

Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.


Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.