USDCAD Daily Analysis – February 27, 2015

USDCAD failed to break below 1.2352 support, indicating that the pair remains in uptrend from 1.1191 (Nov 21, 2014 low), and the price action from 1.2797 could be treated as consolidation of the uptrend. Sideways movement in a range between 1.2352 and 1.2797 could be expected to continue in a couple of days.

usdcad chart