USDCAD Daily Analysis – April 2, 2015

USDCAD is forming a sideways consolidation in a range between 1.2352 and 1.2835. Deeper decline would likely be seen, and the target would be at 1.2450 area. Key resistance is at 1.2835, only break above this level could trigger another rise towards 1.3500.

usdcad chart