USDCAD Daily Analysis – October 2, 2014

USDCAD broke below 1.1130 support, indicating that the uptrend from 1.0886 had completed at 1.1222 already. Deeper decline could be expected, and the target would be at 1.0980 area. Resistance is at 1.1145, only break above this level could trigger another rise towards 1.1300 area.

usdcad chart