USDCAD Weekly Analysis – February 21, 2016

No changed in our view, USDCAD is in consolidation of the long term uptrend from 0.9406 (Jul 26, 2011 low). Range trading between 1.3400 and 1.4689 is possible 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 would likely be seen.

usdcad chart