USDCAD Daily Analysis – October 13, 2014

USDCAD stays in a trading range between 1.1071 and 1.1269. As long as 1.1071 support holds, the price action in the range could be treated as consolidation of the uptrend from 1.0810 (Aug 29 low), another rise towards 1.1500 could be expected after consolidation. Only break below 1.1071 support could signal completion of the uptrend.

usdcad chart