USDCAD Weekly Analysis – September 13, 2014

USDCAD’s upward movement extended to as high as 1.1097. Further rise to test 1.1278 resistance would likely be seen next week, a break of this level will indicate that the uptrend from 0.9632 (Sept 14, 2012 low) has resumed, then next target would be at 1.2000 area. Near term support is at 1.0900 and the key support is at 1.0800, only break below these levels could bring price back to 1.0400 zone.

usdcad chart