USDCAD Weekly Analysis – June 3, 2018

USDCAD broke above 1.2997 resistance, suggesting that the upside movement from 1.2526 has resumed. Further rise would likely be seen and next target would be at 1.3200 area. Support is at 1.2728, only a breakdown below this level could bring the price back towards the bottom support trend line of the price channel on the daily chart.

USDCAD daily chart