USDCAD Daily Analysis – May 29, 2018

USDCAD extended its upside movement from 1.2728 to as high as 1.3021, breaking above 1.2997 resistance. Further rise is still possible and next target would be at 1.3100 area. Support is at the bullish trend line on the 4-hour chart, as long as the trend line support holds, the uptrend will continue.

USDCAD 4-hour chart