USDCAD Daily Analysis – December 31, 2013

USDCAD stays within a upward price channel on 4-hour chart, and remains in uptrend from 1.0182 (Sept 19 low). Key support is located at the lower line of the channel, as long as the channel support holds, the uptrend could be expected to continue, and next target would be at 1.0900 area. Only a clear break below the channel support could signal completion of the uptrend.

usdcad chart