USDCAD Weekly Analysis – December 21, 2014

USDCAD’s upward movement from 1.0619 extended to as high as 1.1673. Support is located at the upward trend line on daily chart, as long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 1.2000 area. Only a clear break below the trend line support could signal completion of the uptrend.

usdcad chart