USDCAD Daily Analysis – December 19, 2014

USDCAD remains in uptrend from 1.1191, the fall from 1.1673 is likely consolidation of the uptrend. As long as the trend line support holds, the uptrend could be expected to continue, 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