USDCAD Daily Analysis – January 28, 2015

USDCAD remains in uptrend from 1.1560, the fall from 1.2500 is likely consolidation of the uptrend. Support is at 1.2250, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.2700 area. Only break below 1.2250 support could signal completion of the uptrend.

usdcad chart