USDCAD Weekly Analysis – December 1, 2013

USDCAD breaks above 1.0608 resistance, suggesting that the uptrend from 0.9632 (Sep 14, 2012 low) has resumed. Further rise could be expected over the next several weeks, and next target would be at 1.1000 area. Support is at 1.0450, only break below this level could trigger another fall to 1.0300 zone.

usdcad daily chart