USDCAD’s upward movement from 1.0619, and the rise extended to as high as 1.1168. Further rise could be expected overt he next several weeks, and next target would be at 1.1500 area. Near term support is at 1.1045, and the key support is located at the upward trend line on daily chart, only a clear break below the trend line support could signal completion of the uptrend.
