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USDCAD remains in uptrend from 1.0588

Discussion in 'Technical Analysis' started by ForexCycle.com, Jan 13, 2014.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

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    USDCAD remains in uptrend from 1.0588, the fall from 1.0945 could be treated as consolidation of the uptrend. Range trading between 1.0800 and 1.0945 would likely be seen in a couple of days. Key support is at 1.0800, as long as this level holds, the uptrend could be expected to resume, and one more rise towards 1.1000 is still possible. Only break below 1.0800 support could signal completion of the uptrend.

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