USDCAD Daily Analysis – August 8, 2014

USDCAD remains in uptrend from 1.0619, the fall from 1.0985 could be treated as consolidation of the uptrend. Support is at 1.0875, as long as this level holds, the uptrend will continue, and next target would be at 1.1050 area. Only break below 1.0875 support could signal completion of the uptrend.

usdcad chart