USDCAD Daily Analysis – June 5, 2014

USDCAD continued its upward movement from 1.0822, and the rise extended to as high as 1.0955. Further rise could be expected after a minor consolidation, and next target would be at 1.0980 area. Support is at 1.0900, only break below this level could bring price back to re-test 1.0813 support.

usdcad chart