USDCAD Daily Analysis – September 16, 2014

USDCAD remains in uptrend from 1.0810, the fall from 1.1098 is likely consolidation of the uptrend. Support is located at the lower line of the price channel on 4-hour chart, as long as the trend line support holds, the uptrend could be expected to resume, and another rise to 1.1200 area is still possible. Only a clear break below the channel support could signal completion of the uptrend.

usdcad chart