USDCAD Weekly Analysis – December 30, 2018

USDCAD stays above a bullish trend line on the daily chart and remains in the uptrend from 1.2782. As long as the trend line support holds, the upside movement could be expected to continue and next target would be at 1.3800 area. Near term support is at 1.3550, below this level could bring that price back towards the trend line.

USDCAD daily chart