USDCAD Daily Analysis – March 20, 2014

USDCAD broke above 1.1224 (Jan 31 high) resistance and reached as high as 1.1271. Further rise could be expected, and next target would be at 1.1400 area. Support is at 1.1185, as long as this level holds, the uptrend from 1.1025 will continue.

usdcad chart