USDCAD Daily Analysis – February 18, 2015

USDCAD is facing 1.2352 support, a breakdown below this level will indicate that the downtrend from 1.2797 has resumed, then deeper decline to 1.2200 area could be seen. On the other side, as long as 1.2352 support holds, another rise to test 1.2797 resistance is possible.

usdcad chart