USDCAD Weekly Analysis – August 3, 2014

USDCAD’s upward movement from 1.0619 extended to as high as 1.0943. Further rise would likely be seen, and next target would be at 1.1100 area. Support is at 1.0800, only break below this level will indicate that the uptrend is complete, then another fall towards 1.0000 could be seen.

usdcad chart