USDCAD Daily Analysis – October 24, 2016

USDCAD continued its upward movement from 1.3005, and the rise extended to as high as 1.3358. Further rise could be expected after a minor consolidation, and next target would be at 1.3600 area. Support levels are at 1.3290 and 1.3240, only break below these levels could signal completion of the uptrend.

usdcad chart