USDCAD Weekly Analysis – November 30, 2014

After touching the bottom of the price channel on daily chart, USDCAD rebounded from 1.1191, indicating that the pair remains in uptrend from 1.0619. Further rise would likely be seen, and next target would be at 1.1800 area. Key support is now at 1.1191, only break below this level could signal completion of the uptrend.

usdcad chart