USDCAD Analysis – July 27, 2013

USDCAD’s fall extends to as low as 1.0255. Further decline would likely be seen next week, and next target would be at 1.0150 area. Key support is at 1.0137, a breakdown below this level could signal completion of the uptrend from 0.9632 (Sep 14, 2012 low).

usdcad daily chart