USDCAD Weekly Analysis – July 12, 2015

USDCAD is facing 1.2835 resistance, a break of this level will indicate that the long term uptrend from 0.9632 (Sept 14, 2012 low) has resumed, then next target would be at 1.4000 area. Near term support is at 1.2500, only break below this level could bring price back to test 1.1919 key support.

usdcad chart