USDCAD Daily Analysis – February 17, 2017

USDCAD’s downward movement from 1.3211 extended to as low as 1.3009. Further decline to test 1.2968 support is possible in a couple of days. Resistance is at 1.3120, a break of this level will indicate that the downtrend is complete, then the following upward movement could bring price to 1.3300 zone.

usdcad chart