USDCAD Daily Analysis – February 21, 2014

USDCAD’s upward movement from 1.0910 extends to as high as 1.1125. Further rise to test 1.1224 resistance could be expected, a break above this level will signal resumption of the longer term uptrend from 1.0182 (Sept 19, 2013 low), then next target would be at 1.1500 area.

usdcad chart