TECHNICAL ANALYSIS BY NSFX 05.04.2015
After the reversal candle near the higher side of the range the rate retraced and tested the 55EMA. Below this level is likely the test of the lower side of the range at 1.236. If the pair will trade beneath this level then it might fall to 1.2. The 200SMA is at 1.17. A breakout above 1.2825 can lift UsdCad to 1.3 and then 1.32.