USDCAD Weekly Analysis – August 23, 2015

USDCAD moved sideways in a narrow range between 1.2860 and 1.3213. Support is at 1.2860, as long as this level holds, the sideways movement could be treated as consolidation of the uptrend from 1.1919, and further rise to 1.4000 area could be expected after consolidation. Only break below 1.2860 support could signal completion of the uptrend.

usdcad chart