USDCAD’s rise from 0.9444 extended to as high as 0.9898. Further rise is still possible next week, and next target would be at 1.0000 area. Support is at 0.9650, only break below this level could 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.
