USDCAD Daily Analysis – January 15, 2014

After consolidation, USDCAD continues its upward movement from 1.0588, and the rise extends to as high as 1.0977. Further rise could be expected in a couple of days, and next target would be at 1.1100 area. Support is now at 1.0840, only break below this level could signal completion of the uptrend.

usdcad chart