USDCAD Daily Analysis – May 15, 2014

USDCAD remains in uptrend from 1.0813, the fall from 1.0926 is likely consolidation of the uptrend. Another rise could be expected after 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