USDCAD Daily Analysis – February 20, 2014

USDCAD bounced strongly from 1.0910, indicating that the downward movement from 1.1224 had completed. Further rise would likely be seen after a minor consolidation, and next target would be at 1.1200 area. Support levels are at 1.1010 and 1.0910, only break below these levels could trigger another fall to 1.0800 zone.

usdcad chart