USDCAD Daily Analysis – March 27, 2014

USDCAD broke below 1.1150 support and reached as low as 1.1080, indicating the uptrend from 1.1025 had completed. Deeper decline could be expected and next target would be at 1.1000 area. Resistance is at 1.1150, as long as this level holds, the downtrend from 1.1278 will continue.

usdcad chart