USDCAD Daily Analysis – April 26, 2018

USDCAD’s upside movement from 1.2526 extended to as high as 1.2897. Further rise is still possible and next target would be at 1.2950 area. Key support is at 1.2812, only a breakdown below this level would indicate that corrective consolidation for the uptrend is underway, then the pair would find next support level at around 1.2700.

USDCAD 4-hour chart