USDCAD Daily Analysis – January 30, 2014

USDCAD stays above a upward trend line on 4-hour chart, and remains in uptrend from 1.0588. As long as the trend line support holds, the uptrend from 1.0588 could be expected to continue, and next target would be at 1.1300 area. On the downside, a clear break below the trend line support will indicate that the uptrend from 1.0588 is complete, then the pair will find support around 1.0900.

usdcad chart