USDCAD Daily Analysis – February 26, 2014

USDCAD’s fall from 1.1192 extended to as low as 1.1054. Deeper decline would likely be seen, and next target would be at 1.0950 area. Resistance is at 1.1192, only break above this level will indicate that the uptrend from 1.0182 (Sept 19, 2013 low), then next target would be at 1.1500 area.

usdcad chart