USDCAD Daily Analysis – December 17, 2014

USDCAD stays above the upward trend line on 4-hour chart, and remains in uptrend from 1.1191. As long as the trend line support holds, further rise could be expected, and next target would be at 1.1800 area. Only a clear break below the trend line support could signal completion of the uptrend.

usdcad chart