USDCAD Weekly Analysis – November 9, 2014

USDCAD’s upward movement from 1.0619 extended to as high as 1.1466. Support is located at the bottom of the price channel on daily chart, as long as the channel support holds, the uptrend could be expected to continue, and next target would be at 1.1800 area. Key support is at 1.1121, only break below this level could signal completion of the uptrend.

usdcad chart