USDCAD Daily Analysis – May 12, 2014

USDCAD broke above 1.0910 resistance, indicating that the downtrend from 1.1053 had completed at 1.0813 already. The pair is now in uptrend from 1.0813, further rise could be expected, and the target would be at 1.1000 area. Support is at 1.0813, only break below this level could trigger another fall to 1.0700 zone.

usdcad chart