USDCAD Daily Analysis – February 19, 2014

USDCAD remains in downtrend from 1.1224 and the fall extended to as low as 1.0939. Further decline would likely be seen in a couple of days, 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