USDCAD Daily Analysis – March 9, 2015

USDCAD is facing 1.2663 resistance, a break of this level will signal resumption of the long term uptrend from 1.1191 (Nov 21, 2014 low), then the following upward movement could bring price to 1.3000 area. On the other side, as long as 1.2663 resistance holds, the sideways movement in a rang between 1.2352 and 1.2797 could be expected to continue.

usdcad chart