USDCAD Daily Analysis – September 22, 2014

USDCAD’s fall from 1.1098 extended to as low as 1.0886. Deeper decline is still possible, and the target would be at 1.0860 area. Resistance is at 1.1025, a break of this level will indicate that the downward movement from 1.1098 had completed, then another rise towards 1.1200 could be seen.

usdcad chart