USDCAD Weekly Analysis – January 12, 2014

USDCAD’s upward movement from 1.0182 extended to as high as 1.0945. Further rise is still possible after a minor consolidation, and next target would be at 1.1200 area. Key support is located at the upward trend line on daily chart, only a clear break below this trend line support could signal completion of the uptrend.

usdcad chart