USD/CAD Daily Analysis – Friday, Feb. 15

USD/CAD broke above 1.3329 resistance, suggesting that the upside movement from 1.3068 has resumed. Further rise could be expected in the coming days and next target would be at 1.3450 area. Key support is at 1.3195, only a breakdown below this level could signal completion of the uptrend.

USDCAD 4-hour chart

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.