USDCAD Daily Analysis – June 1, 2018

USDCAD stays in a rising price channel on its 4-hour chart and remains in the uptrend from 1.2728. Further rise could be expected over the next several days and next target would be at 1.3100 area. The key support is now at 1.2818, only a breakdown below this level could signal completion of the uptrend.

USDCAD 4-hour chart