USDCAD Daily Analysis – August 25, 2014

After touching 1.0985 resistance, USDCAD pulled back to 1.0927. Another rise to test 1.0985 resistance would likely be seen, above this level will signal resumption of the uptrend from 1.0619, then next target would be at 1.1100 area. Near term support is at 1.0925, and the key support is at 1.0860, only break below these levels could signal completion of the uptrend.

usdcad chart