USDCAD Daily Analysis – December 18, 2014

USDCAD stays above the upward trend line on 4-hour chart, and remains in uptrend from 1.1191, the fall from 1.1673 could be treated as 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