USDCAD Daily Analysis – February 10, 2014

USDCAD broke below 1.1031 support, indicating that the uptrend from 1.0588 had completed at 1.1224 already. Further decline would likely be seen in a couple of days, and the target would be at 1.0800 area. Resistance is at 1.1100, only break above this level could signal completion of the downtrend.

usdcad chart