USDCAD Daily Analysis – January 20, 2017

USDCAD remains in uptrend from 1.3018, the fall from 1.3353 is likely consolidation of the uptrend. Further rise could be expected after consolidation and next target would be at 1.3500 area. Support is at 1.3150, only break below this level could trigger another fall towards 1.2800.

usdcad chart