Daily Analysis USDCAD: 01/27/2014
USDCAD rally continued last week despite the pair lost a lot of upside momentum. While further rise can not be ruled out again, we will continue to be cautious on the short-term reversal. Breakthrough 1.0842 support will indicate a short term topping and turn bias to the downside for 1.0736 support. However, sustained break of trend line resistance will have a greater bullish implications.