USDCAD Daily Analysis – March 10, 2015

USDCAD is testing 1.2663 resistance, a break of this level will indicate that the uptrend from 1.1191 (Nov 21, 2014 low) has resumed, then the following upward movement could bring price to 1.3000 area. However, 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