USDCAD Analysis – July 13, 2013

USDCAD broke below 1.0460 support, suggesting that the uptrend from 1.0013 had completed at 1.0608 already. Further decline could be expected and the target would be at 1.0150 area. Resistance is now at 1.0608, only break above this level could trigger another rise to 1.0700 zone.

usdcad daily chart