Thursday 16 October 2014

USDCAD Daily Analysis - October 17, 2014 Forex Analysis

USDCAD remains in uptrend from 1.0810 (Aug 29 low), the fall from 1.1385 is likely consolidation of the uptrend. Support is at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 1.1500 area. Only a clear break below the trend line support could signal completion of the uptrend.



usdcad chart






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