USDCAD Daily Analysis – January 22, 2015

USDCAD continued its upward movement from 1.1560, and the rise extended to as high as 1.2393. Further rise could be expected after a minor consolidation, and next target would be at 1.2600 area. Support is at 1.2100, only break below this level could signal completion of the uptrend.

usdcad chart