USDCAD Daily Analysis – February 24, 2015

USDCAD is forming a sideways consolidation in a range between 1.2352 and 1.2797. As long as 1.2352 support holds, the price action in the range could be treated as consolidation of the uptrend from 1.1191 (Nov 21, 2014 low), one more rise to 1.3000 area is still possible after consolidation.

usdcad chart