USDCAD Daily Analysis – March 19, 2014

USDCAD is facing 1.1153 resistance, a break above this level will indicate that the sideways consolidation started from 1.1224 (Jan 31 high) is complete, then the following upward movement could bring price to 1.1500 area. Support is at 1.1085, only break below this level will indicate that lengthier consolidation in the triangle pattern is underway, then deeper decline to the bottom of the pattern could be seen.

usdcad chart