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    USD/CAD: technical analysis on 17.02.2015

    USD/CAD shifted to a sideways movement after having refreshed multi-year maximums at the end of last month.  The pair has traded in a range of 1.2345-1.2635 throughout 2 past weeks. Bears will try again to break the nearest support level that prevents the pair from falling lower down to a level of 1.2000. However, if US economy recovery rates remain the same, the pair will be strengthening and might test the highs at 1.2600-1.2800 again. 

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