USDCAD Daily Analysis – August 15, 2017

USDCAD failed to break below 1.2650 support and is now facing 1.2752 resistance. A break of this level will signal resumption of the uptrend from 1.2413, then next target would be at 1.2800 area. On the downside, a breakdown below 1.2650 level will indicate that the uptrend had completed at 1.2752 already, then the following downside movement could bring price back to test 1.2413 support.

USDCAD 4-hour chart