USDCAD Weekly Analysis – February 14, 2016

USDCAD is in consolidation of the long term uptrend from 0.9406 (Jul 26, 2011 low). Range trading between 1.3400 and 1.4689 would likely be seen over the next several weeks. Support is at 1.3400, as long as this level holds, the uptrend could be expected to resume, and one more rise to 1.5000 area to complete the long term uptrend is still possible.

usdcad chart