USDCAD Daily Analysis – April 14, 2014

USDCAD broke above the upper line of the price channel on 4-hour chart, indicating that the downtrend from 1.1278 had completed at 1.0857 already. The pair is now in uptrend. Further rise could be expected and the target would be at 1.1100 area. Support levels are at 1.0915, and 1.0857, only break below these levels could trigger another fall towards 1.0600.

usdcad chart