USDCAD Weekly Analysis - November 1, 2014

Long Term Forex Analysis | by ForexCycle.com | Saturday, 01 November 2014 14:11 UTC
USDCAD failed to break below the bottom of the upward price channel on daily chart, indicating that the pair remains in uptrend from 1.0619. Key support is now at 1.1121, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.1700 area. Only break below 1.1121 support could signal completion of the uptrend.

usdcad chart

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