USDCAD Daily Analysis – April 27, 2018

USDCAD moved sideways in a trading range between 1.2812 and 1.2897. As long as this level holds, the uptrend could be expected to continue and next target would be at 1.3000 area. Key support is at 1.2812, only a breakdown below this level could indicate that the uptrend had completed at 1.2897 already, then the pair would find support at around 1.2700.

USDCAD 4-hour chart