USDCAD moved sideways in a trading range between 1.1313 and 1.1458. As long as 1.1313 support holds, another rise to test 1.1466 resistance could be expected, a break of this level will signal resumption of the uptrend from 1.0619 (Jul 3 low), then next target would be at 1.1600 area. However, a breakdown below 1.1313 support will indicate that lengthier consolidation for the uptrend is needed, then deeper decline to 1.1200 area could be seen.
For more short term forex analysis and info visit via USDCAD Daily Analysis - December 4, 2014 . Thanks for your support.
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