USDCAD’s upward movement from 1.0588 extends to as high as 1.1111. Further rise could be expected after a minor consolidation, and next target would be at 1.1200 area. Initial support is at 1.1030, and the key support is at the lower line of the price channel on 4-hour chart, only a clear break below the channel support could signal completion of the uptrend.
