USDCAD Weekly Analysis – September 7, 2014

No changed in our view, USDCAD remains in uptrend from 1.0619, the price action from 1.0985 is treated as consolidation of the uptrend. Support is at 1.0800, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.1500 area. Only break below 1.0800 support could signal completion of the uptrend.

usdcad chart