USDCAD Daily Analysis – March 19, 2015

USDCAD is now in downtrend from 1.2835. Further decline could be expected over the next several days, and next target would be at 1.2300 area. Resistance levels are at 1.2700 and 1.2835, only break above these levels could trigger another rise towards 1.3000.

usdcad chart