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USDCAD Weekly Analysis - October 12, 2014

Long Term Forex Analysis | by ForexCycle.com | Sunday, 12 October 2014 06:14 UTC
No changed in our view, USDCAD remains in uptrend from 1.0619, the fall from 1.1269 could be treated as consolidation of the uptrend. Near term support is at 1.1065, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.1500 area. Key support is at the upward trend line on daily chart, only a clear break below the trend line support could signal completion of the uptrend.

usdcad chart

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