USDCAD Analysis – June 23, 2013

USDCAD breaks above 1.0420 previous high resistance, suggesting that the uptrend from 0.9632 (Sep 14, 2012 low) has resumed. Further rise could be expected and next target would be at 1.0600 area. Support is at 1.0300, as long as this level holds, the uptrend will continue.

usdcad daily chart