USDCAD Daily Analysis – August 1, 2014

USDCAD remains in uptrend from 1.0709, the fall from 1.0929 is likely consolidation of the uptrend. Support is at 1.0865, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.1000 area. Only break below 1.0865 support could signal completion of the uptrend.

usdcad chart