USDCAD Daily Analysis – December 3, 2014

USDCAD is facing 1.1466 resistance again, a break of this level will signal resumption of the uptrend from 1.0619 (Jul 3 low), then next target would be at 1.1600 area. Support is at 1.1300, below this level will indicate that lengthier consolidation for the uptrend is needed, then deeper decline to 1.1200 area could be seen.

usdcad chart