USDCAD Weekly Analysis – June 19, 2016

No changed in our view, USDCAD remains in uptrend from 1.2460, the fall from 1.3188 could be treated as correction of the uptrend. Another rise could be expected after correction, and next target would be at 1.3600 area. Key support is at 1.2460, only break below this level could trigger another fall towards 1.2000.

usdcad chart