USDCAD Weekly Analysis – June 5, 2016

No changed in our view, USDCAD remains in uptrend from 1.2460, the fall from 1.3188 would possibly be correction of the uptrend. Support levels are at 1.2750 and 1.2460, as long as these levels hold, the uptrend could be expected to resume, and another rise to 1.3600 area is still possible.

usdcad chart