USDCAD Weekly Analysis – December 4, 2016

USDCAD remains in uptrend from 1.2763, the fall from 1.3588 is likely consolidation of the uptrend. 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 be at 1.3800 area. Only a clear break below the trend line support could signal completion of the uptrend.

usdcad chart