USDCAD Daily Analysis – January 23, 2017

USDCAD remains in uptrend from 1.3018, the fall from 1.3387 is likely consolidation of the uptrend. Range trading between 1.3240 and 1.3387 is possible in a couple of days. Near term support is at 1.3240, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.3500 area.

usdcad chart