USDCAD Daily Analysis – March 24, 2015

USDCAD is facing 1.2447 support, as long as this level holds, the sideways movement in a range between 1.2447 and 1.2835could be expected to continue. On the downside, a breakdown below 1.2447 support will indicate that the downtrend from 1.2835 has resumed, then the following downward movement could bring price to 1.2300 area.

usdcad chart