During the trading hours yesterday, the US dollar raised its value from 1.2435 CAD to 1.2555 CAD. This morning the currency pair is trading at 1.2475-1.2500 CAD.
According to the analysis of Trading212, if US dollar breaks the resistance levels at 1.2500-1.2515 CAD, the aim will be reaching and testing the zone 1.2540-1.2560 CAD. If it is successful, the upward trend will continue to 1.2580-1.2600 CAD. If USD drops below the support levels at 1.2475-1.2460 CAD, it will try to find a next support at 1.2440-1.2420 CAD. In case of breaking down, the downward trend will continue to 1.2395-1.2370 CAD.
Source: http://www.trading212.com/en/Financial-Analyses/2015-02-20/
