USDCAD’s rise from 0.9444 extended to as high as 0.9851. Further rally is expected next week, and next target would be at 1.0000 area. Support is at the uptrend line on daily chart, only a clear break below the trend line will indicate that the rise from 0.9444 is complete.
For long term analysis, USDCAD had formed a cycle bottom at 0.9444 on weekly chart. Further rise to 1.0100 area to reach next cycle top is possible.
