USDCAD Daily Analysis – January 19, 2015

USDCAD’s upward movement from 1.1560 extended to as high as 1.2046. Further rise could be expected, and next target would be at 1.2200 area. Support levels are at 1.1880 and 1.1800, only break below these levels could bring price back to 1.1600 zone.

usdcad chart