USDCAD Daily Analysis – May 30, 2018

USDCAD stays above a rising trend line on its 4-hour chart and remains in the uptrend from 1.2728. As long as the trend line support holds, the upside movement could be expected to continue and next target would be at 1.3100 area. Key support is at 1.2950, only a breakdown below this level could trigger another fall towards 1.2700.

USDCAD 4-hour chart