USDCAD Daily Analysis – May 14, 2014

USDCAD remains in uptrend from 1.0813, and the rise extended to as high as 1.0926. Further rise could be expected after a minor consolidation, and the target would be at the upper line of the price channel on 4-hour chart. Support levels are at 1.0870 and 1.0813, only break below these levels could trigger another fall to 1.0700 zone.

usdcad chart