USDCAD’s upward movement from 1.0619 extended to as high as 1.0985. Support is at 1.0875, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.1050 area. On the downside, a breakdown below 1.0875 will signal completion of the uptrend, then the following downward movement could bring price back to 1.0500 area.
