USDCAD Daily Analysis – July 14, 2014

USDCAD broke above 1.0696 resistance, indicating that the downward movement from 1.0960 had completed at 1.0619 already. Further rally could be expected, and the target would be at 1.0800 area. Support is now at 1.0670, only break below this level could trigger another fall towards 1.0500.

usdcad chart