USDCAD Analysis – August 10, 2013

USDCAD is facing 1.0245 support, a breakdown below this level will indicate that the downtrend from 1.0608 has resumed, then next target would be at 1.0150 area. Resistance is at 1.0445, only break above this level could trigger another rise towards 1.0600.

usdcad daily chart