USDCAD Weekly Analysis – August 10, 2014

USDCAD remains in uptrend from 1.0619, and the rise extended to as high as 1.0985. Further rise could be expected after a minor consolidation, and next target would be at 1.1200 area. Support is at 1.0850, only break below this level will indicate that the uptrend is complete, then another fall towards 1.0000 could be seen.

usdcad chart