USDCAD Weekly Analysis – December 7, 2014

USDCAD’s upward movement from 1.0619 extended to as high as 1.1475. Further rise could be expected, and next target would be at 1.1800 area. Near term support is at the upward trend line on daily chart, and the key support is at 1.1191, only break below this level could signal completion of the uptrend.

usdcad chart