USDCAD Daily Analysis – December 19, 2013

USDCAD breaks above 1.0707 resistance and reaches as high as 1.0719, suggesting that the uptrend from 1.0182 (Sep 19 low) has resumed. Further rise could be expected over the next several days, and next target would be at 1.0800 area. Support levels are at 1.0645 followed by 1.0561, only break below these levels could signal completion of the uptrend.

usdcad daily chart