USDCAD Analysis – August 31, 2013

USDCAD remains in uptrend from 1.0245. Another rise to test 1.0608 previous high resistance is possible next week, a break above this level will indicate that the longer term uptrend from 0.9632 (Sep 14, 2012 low) has resumed, then further rise to 1.0750 area could be seen. Support is at 1.0450, only break below this level could trigger another fall to 1.0200 zone.

usdcad daily chart