USDCAD Daily Analysis – November 5, 2014

USDCAD broke above 1.1385 resistance, indicating that the uptrend from 1.0810 (Aug 29 low) has resumed. Further rise could be expected, and next target would be at 1.1500 area. Support is at 1.1330, only break below this level could bring price back to 1.1200 area.

usdcad chart