USDCAD Daily Analysis – December 15, 2014

USDCAD stays above the upward trend line on 4-hour chart, and remains in uptrend from 1.1191. Further rise could be expected in a couple of days, and next target would be at 1.1700 area. Support is located at the upward trend line, only a clear break below the trend line support could signal completion of the uptrend.

usdcad chart