USDCAD Daily Analysis – August 26, 2014

USDCAD broke above 1.0985 resistance, indicating that the uptrend from 1.0619 (Jul 3 low) has resumed. Further rise could likely be seen, and next target would be at 1.1100 area. Support is at 1.0925, only a breakdown below this level could bring price back to test 1.0860 key support.

usdcad chart