USDCAD Daily Analysis – February 17, 2014

USDCAD remains in downtrend from 1.1224, and the fall extended to as low as 1.0940. Deeper decline would likely be seen, and next target would be at 1.0800 area. Resistance is at 1.1030, only break above this level could signal completion of the downtrend.

usdcad chart