USDCAD Weekly Analysis - August 17, 2014

Long Term Forex Analysis | by ForexCycle.com | Sunday, 17 August 2014 06:26 UTC
USDCAD remains in uptrend from 1.0619, the fall from 1.0985 is likely consolidation of the uptrend. Support is at 1.0800, as long as this level holds, the uptrend could be expected to resume, and next target would be at 1.1200 area. Only break below 1.0800 support will indicate that the uptrend from 1.0619 had completed at 1.0985 already, then another fall towards 1.0000 could be seen.

usdcad chart

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