USDCAD Daily Analysis – January 7, 2015

USDCAD is facing 1.1841 resistance, a break of this level will signal resumption of the uptrend from 1.1191, then next target would be at 1.2000 area. Support is at 1.1700, only break below this level will indicate that the uptrend had completed at 1.1841 already, then deeper decline to 1.1500 area could be seen.

usdcad chart