USDCAD Weekly Analysis – January 10, 2016

USDCAD’s upward movement from 1.2831 extended to as high as 1.4176. Support is 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 b at at 1.5000 area. Only a clear break below the trend line support could signal completion of the uptrend.

usdcad chart