USDCAD’s upward movement from 0.9799 extends to as high as 1.0226. Further rise would likely be seen next week and next target would be at 1.0400 area. Support is at 1.0080, as long as this level holds, the uptrend will continue.
For long term analysis, USDCAD has formed a cycle bottom at 0.9799 on weekly chart. Further rise towards 1.0400 is expected over the next several weeks.
