USDCAD Weekly Analysis – December 25, 2016

USDCAD is facing 1.3588 resistance, a break of this level will confirm that the uptrend from 1.2460 has resumed, then next target would be at 1.3800 area. Support is 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