USDCAD Weekly Analysis – October 18, 2014

USDCAD’s upward movement from 1.0619 extended to as high as 1.1385. Support is at 1.1070, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.1500 area. Only break below 1.1070 support could signal completion of the uptrend.

usdcad chart