USDCAD Daily Analysis – April 10, 2014

USDCAD’s downward movement extended to as low as 1.0857. Resistance is now at 1.0955, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.0750 area. Only break above 1.0955 resistance could signal completion of the downtrend.

usdcad chart