USDCAD Daily Analysis – May 27, 2014

USDCAD broke below 1.0850 support, indicating that the upward movement from 1.0813 had completed at 1.0941 already. Further decline could be expected in a couple of days, and next target would be at 1.0700 area. Resistance is at 1.0941, only break above this level could trigger another rise to test 1.1053 resistance.

usdcad chart