USDCAD Weekly Analysis – February 26, 2017

USDCAD remains in downtrend from 1.3598, the rise from 1.2968 is likely consolidation of the downtrend. Further decline could be expected after consolidation, and next target would be at 1.2600 area. Resistance is at 1.3387, only break above this level could trigger another rise towards 1.4000.

usdcad chart