USDCAD Weekly Analysis - August 16, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 16 August 2015 07:28 UTC
USDCAD remains in uptrend from 1.1919, the fall from 1.3213 is likely consolidation of the uptrend. Near term support is at 1.2850, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.4000 area. Key support is located at the bottom of the price channel on daily chart, only a clear break below the channel support could signal completion of the uptrend.

usdcad chart

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