USDCAD Daily Analysis – December 30, 2013

USDCAD is facing 1.0737 resistance, a break above this level will signal resumption of the uptrend from 1.0182 (Sept 19 low), then next target would be at 1.0900 area. Key support is located at the lower line of the price channel on 4-hour chart, only a clear break below the channel support could signal completion of the uptrend.

usdcad chart