USDCAD Daily Analysis – March 26, 2014

USDCAD is facing 1.1150 support, a breakdown below this level will indicate that the uptrend from 1.1025 had completed at 1.1278 already, then the following downward movement could bring price back to 1.1000 zone. On the upside, as long as 1.1150 support holds, the fall from 1.1278 could be treated as consolidation of the uptrend, one more rise towards 1.1500 is still possible.

usdcad chart