USDCAD Daily Analysis – June 15, 2018

USDCAD broke above 1.3066 resistance and extended its upside movement from 1.2728 to as high as 1.3119. Further rise could be expected in the coming days and next target would be at 1.3200 area. Key support is at the bottom of the price channel on the 4-hour chart, only a clear break below the channel support could signal completion of the uptrend.

USDCAD 4-hour chart