USDCAD Weekly Analysis – February 11, 2018

USDCAD broke above 1.2590 resistance, confirming that the downside movement from 1.2920 had completed at 1.2248 already. Further rise to test 1.2920 resistance would likely be seen after consolidation. Support levels are at 1.2400 and 1.2248, only break below these levels could trigger another fall towards 1.1500.

USDCAD daily chart