USDCAD Daily Analysis – September 8, 2014

USDCAD stays in a trading range between 1.0810 and 1.0942. Resistance is at 1.0942, a break above this level will indicate that the uptrend from 1.0810 has resumed, then the following upward movement could bring price to 1.1200 area. On the downside, a breakdown below 1.0810 support will signal resumption of the downtrend from 1.0997, then next target would be at 1.0700 area.

usdcad chart