USDCAD Weekly Analysis - June 7, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 07 June 2015 07:56 UTC
USDCAD continued its upward movement from 1.1919, and the rise extended to as high as 1.2563. Support is at 1.2350, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.2700 area. On the downside, a breakdown below 1.2350 support will signal completion of the uptrend, then deeper decline to test 1.1919 support could be seen.

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.