USDCAD Daily Analysis – April 7, 2015

USDCAD is testing 1.2410 support, a breakdown below this level will signal resumption of the downtrend from 1.2835, then next target would be at 1.2200 area. Resistance is at 1.2575, only break above this level could bring price back to test 1.2835 resistance.

usdcad chart