USDCAD Analysis – July 6, 2013

USDCAD continues its upward movement from 1.0137, and the rise extends to as high as 1.0608. Further rise could be expected after a minor consolidation, and next target would be at 1.0800 area. Support is at 1.0460, only break below this level could signal completion of the uptrend.

usdcad daily chart