USDCAD Daily Analysis – May 29, 2014

USDCAD remains in downtrend from 1.0941, the rise from 1.0835 is likely consolidation of the downtrend. Another fall to test 1.0813 support would likely be seen after consolidation. Resistance is at 1.0941, only break above this level could trigger another rise to 1.1000 area.

usdcad chart