USDCAD Daily Analysis – May 19, 2014

USDCAD remains in uptrend from 1.0813, the fall from 1.0926 is likely correction of the uptrend. Another rise could be expected after correction, and the target would be at the top of the price channel on 4-hour chart. Support is at 1.0813, only break below this level could trigger another fall to 1.0700 zone.

usdcad chart