USDCAD Daily Analysis – October 7, 2014

USDCAD stays above the upward trend line on 4-hour chart, and remains in uptrend from 1.0886, the fall from 1.1269 could be treated as consolidation of the uptrend. Another rise could be expected after consolidation, and next target would be at 1.1400 area. Only a clear break below the trend line support could signal completion of the uptrend.

usdcad chart