USDCAD Daily Analysis – November 6, 2014

USDCAD remains in uptrend from 1.1121, the fall from 1.1466 is likely consolidation of the uptrend. Support is at 1.1330, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.1600 area. Only break below 1.1330 support could signal completion of the uptrend.

usdcad chart