USDCAD Daily Analysis – September 18, 2014

After touching 1.0933 support, USDCAD rebounded from 1.0926, indicating that the pair remains in uptrend from 1.0810, and the fall from 1.1098 could be treated as correction of the uptrend. Further rise to test 1.1098 would likely be seen, a break above this level will signal resumption of the uptrend, then next target would be at 1.1200 area.

usdcad chart