USDCAD Daily Analysis – July 30, 2014

USDCAD continued its upward movement from 1.0619, and the rise extended to as high as 1.0865. Further rise could be expected after a minor consolidation, and next target would be at 1.0950 area. Key support is located at the upward trend line on 4-hour chart, only a clear break below the trend line support could signal completion of the uptrend.

usdcad chart