USDCAD Daily Analysis – December 8, 2014

USDCAD broke above 1.1466 resistance. Further rise could be expected, and next target would be at 1.1600 area. Near term support is at the rising trend line on 4-hour chart, and the key support is at 1.1313, only break below this level could signal completion of the uptrend from 1.1191.

usdcad chart