USDCAD Daily Analysis – January 10, 2014

USDCAD continued its upward movement from 1.0588, and the rise extended to as high as 1.0874. Further rise could be expected after a minor consolidation, and next target would be at 1.1000 area. Support is now at 1.0800, only break below this level could signal completion of the uptrend.

usdcad chart