USDCAD Weekly Analysis – March 30, 2014

USDCAD is facing the support of the upward trend line on daily chart. As long as the trend line support holds, the price action from 1.1224 could be treated as consolidation of the uptrend from 1.0182, one more rise towards 1.1500 is still possible after consolidation. Key support is at 1.0910, only break below this level will indicate that the uptrend from 1.0182 had completed at 1.1278 already, then the following downward movement could bring price back to 1.0000 zone.

usdcad chart