USDCAD Daily Analysis – August 28, 2014

USDCAD broke below 1.0860 support, indicating that the uptrend from 1.0619 (Jul 3 low) had completed at 1.0997 already. Further decline is still possible, and next target would be at 1.0750 area. Resistance is at 1.0900, only break above this level could trigger another rise towards 1.1100.

usdcad chart