USDCAD Weekly Analysis – April 22, 2018

USDCAD’s downside movement from 1.3124 had completed at 1.2526 already. Further rally would likely be seen in a couple of weeks and next target would be at 1.3000 area. Support is at 1.2526, only a breakdown below this level could trigger another fall towards the bottom of the price channel on the daily chart.

USDCAD daily chart