USDCAD Weekly Analysis – February 15, 2015

USDCAD remains in uptrend from 1.0619 (Jul 3, 2014 low), the fall from 1.2797 could be treated as consolidation of the uptrend. Range trading between 1.2250 and 1.2797 would likely be seen in a couple of weeks. Key support is located at the upward trend line on daily chart, only a clear break below the trend line support could signal completion of the uptrend.

usdcad chart