USDCAD Daily Analysis – March 3, 2015

USDCAD moved sideways without trend in a trading range between 1.2352 and 1.2797. The sideways movement could be expected to continue in a couple of days. Support is at 1.2352, as long as this level holds, the sideways movement could be treated as consolidation of the uptrend from 1.1191 (Nov 21, 2014 low), another rise towards 1.3000 is possible after consolidation.

usdcad chart