USDCAD Weekly Analysis – July 19, 2015

USDCAD broke above 1.2835 resistance, indicating that the long term uptrend from 0.9632 (Sept 14, 2012 low) has resumed. Further rise could be expected, and next target would be at 1.4000 area. Support levels are at 1.2800 and 1.2650, as long as these levels hold, the uptrend will continue.

usdcad chart