USDCAD Daily Analysis – February 3, 2015

USDCAD remains in uptrend from 1.1803, the fall from 1.2797 is likely consolidation o f the uptrend. Range trading between 1.2380 and 1.2797 could be seen in a couple of days. Support is at 1.2380, as long as this level holds, the uptrend could be expected to resume, and another rise towards 1.3000 is still possible.

usdcad chart