USDCAD Daily Analysis – February 17, 2015

USDCAD is forming a sideways movement in a range between 1.2352 and 1.2797. Key support is at 1.2352, as long as this level 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