USDCAD Daily Analysis – February 10, 2015

USDCAD is now in downtrend from 1.2797, the rise from 1.2352 is likely consolidation of the downtrend. Another fall could be expected after consolidation, and next target would be at 1.2100 area. Resistance is at 1.2600, only break above this level could trigger another rise towards 1.3000.

usdcad chart