USDCAD Daily Analysis – April 23, 2014

USDCAD’s upward movement from 1.0857 extended to as high as 1.1042. Support is now at 1.0980, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.1100 area. Only breakdown 1.0980 support could signal completion of the uptrend.

usdcad chart