USD/CAD Daily Analysis – Monday, Feb. 18

USD/CAD is facing 1.3195 support, a breakdown below this level would indicate that the upside movement from 1.3068 had completed at 1.3339 already, then another fall towards 1.3100 could be seen. On the upside, as long as 1.3195 support holds, the price action from 1.3329 could be treated as consolidation for the uptrend from 1.3068, further rise to 1.3450 area is still possible after the consolidation.

USDCAD 4-hour chart

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