USDCAD Weekly Analysis - December 13, 2015

Long Term Forex Analysis | by ForexCycle.com | Sunday, 13 December 2015 13:23 UTC
USDCAD broke above 1.3456 resistance, and reached as high as 1.3757, indicating that the uptrend from 1.1919 (May 14 low) has resumed. Further rise could be seen over the next several weeks, and next target would be at 1.4500 area. Support is at 1.3550, as long as this level holds, the uptrend will continue.

usdcad chart

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