USDCAD Weekly Analysis – April 29, 2018

USDCAD is now in uptrend from 1.2526. Further rise could be expected after a corrective consolidation and next target would be at 1.3100 area. Near term support is at 1.2800, a breakdown below this level would indicate that consolidation for the uptrend is underway, then the pair would find support at 1.2600 area.

USDCAD daily chart