USDCAD Weekly Analysis - January 17, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 17 January 2016 09:30 UTC
USDCAD continued its upward movement from 1.2831, and the rise extended to as high as 1.4553. Further rise could be expected after a minor consolidation, and next target would be at 1.5000 area. Support is located at the upward trend line on daily chart, only a clear break below the trend line support could signal completion of the uptrend.

usdcad chart

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