USDCAD Daily Analysis – September 1, 2014

USDCAD’s downward movement from 1.0997 had completed at 1.0810 already. The pair is now in uptrend, further rise could be expected after a minor consolidation, and next target would be at 1.0950 area. Support levels are at 1.0840 and 1.0810, only break below these levels could trigger another fall to 1.0700 area.

usdcad chart