USDCAD Daily Analysis – June 13, 2018

No changed in our view, USDCAD remains in the uptrend from 1.2728. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to continue and further rise to 1.3100 area is possible. Key support is at 1.2856, only a breakdown below this level could signal completion of the uptrend.

USDCAD 4-hour chart