USDCAD Daily Analysis – February 16, 2015

USDCAD moved sideways in a trading range between 1.2352 and 1.2797. As long as 1.2352 support holds, the sideways movement could be treated as consolidation of the uptrend from 1.1191 (Nov 21, 2014 low), another rise towards 1.3000 is still possible after consolidation.

usdcad chart