USDCAD Daily Analysis – June 9, 2014

USDCAD remains in uptrend from 1.0822, as long as 1.0900 support holds, the fall from 1.0960 could be treated as consolidation of the uptrend, and one more rise to 1.1000 area is still possible after consolidation. On the downside, a breakdown below 1.0900 support will indicate that the uptrend had completed at 1.0960 already, then the following downward movement could bring price back to 1.0700 area.

usdcad chart