USDCAD Daily Analysis – December 9, 2014

USDCAD’s upward movement from 1.1191 extended to as high as 1.1493. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 1.1600 area. Key support is now at 1.1340, only break below this level could signal completion of the uptrend.

usdcad chart