USDCAD Daily Analysis – April 16, 2014

USDCAD’s upward movement from 1.0857 extended to as high as 1.1013. Further rise would likely be seen, and the target would be at 1.1100 area. Support levels are at 1.0915, and 1.0857, only break below these levels could trigger another fall towards 1.0600.

usdcad chart