USDCAD Daily Analysis – February 20, 2014

USDCAD bounced strongly from 1.0910, indicating that the downward movement from 1.1224 had completed.

canadian dollar CADFurther rise would likely be seen after a minor consolidation, and next target would be at 1.1200 area.

Support levels are at 1.1010 and 1.0910, only break below these levels could trigger another fall to 1.0800 zone.

 

 

 

20140220_usdcad_1

 

Content curiosity of FOREXCycle

Leave a Reply