USDCAD Weekly Analysis – August 24, 2014

No changed in our view, USDCAD remains in uptrend from 1.0619, the fall from 1.0985 is likely consolidation of the uptrend. Another rise could be expected after consolidation, and next target would be at 1.1200 area. Support is at 1.0800, only break below this level will signal completion of the uptrend, then another fall towards 1.0000 could be seen.

usdcad chart