USDCAD Daily Analysis – August 6, 2014

USDCAD continued its upward movement from 1.0619, and the rise extended to as high as 1.0976. Further rise could be expected after a minor consolidation, and next target would be at 1.1000 area. Support is at 1.0875, only break below this level could signal completion of the uptrend.

usdcad chart