USDCAD Daily Analysis – January 8, 2014

After consolidation, USDCAD broke above 1.0737 resistance, suggesting that the uptrend from 1.0182 (Sept 19, 2013 low) has resumed. Further rise could be expected over the next several days, and next target would be at 1.1000 area. Support levels are at 1.0730 and 1.0690, as long as these levels hold, the uptrend will continue.

usdcad chart