USDCAD Weekly Analysis – December 22, 2013

USDCAD remains in uptrend from 1.0182 and the rise extended to as high as 1.0737. Initial support is located at the lower line of the upward price channel on daily chart, as long as the channel support holds, the uptrend could be expected to continue, and next target would be at 1.0900 area. Key support is at 1.0561, only break below this level could bring price back to 1.0300 zone.

usdcad daily chart