USDCAD Weekly Analysis – August 28, 2016

USDCAD remains in uptrend from 1.2460, the price action from 1.3188 is likely consolidation of the uptrend. Another rise to 1.3600 area to complete the upward movement is possible over the next several weeks. Support is at 1.2654, only break below this level could trigger another fall towards 1.1500.

usdcad chart