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USDCAD Daily Analysis – April 28, 2017

USDCAD’s upward movement from 1.3223 extended to as high as 1.3670. Further rise is still possible in a couple of days and next target would be at 1.3800 area. Support is at the bottom of the price channel on 4-hour chart, only a clear break below the channel support could signal completion of the uptrend.

USDCAD chart

Author ForexCycle.comPosted on April 28, 2017April 28, 2017Categories Short Term Forex AnalysisTags Price Channel, USDCAD

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