USDCAD Daily Analysis – June 7, 2018

USDCAD failed to break below the bottom of the price channel on its 4-hour chart, suggesting that the pair remains in the uptrend from 1.2728. Another rise towards 1.3100 would likely be seen in the coming days. Key support is at 1.2856, only a breakdown below this level could signal completion of the uptrend.

USDCAD 4-hour chart