USDCAD Daily Analysis – June 19, 2018

USDCAD continued its upside movement from 1.2728 to as high as 1.3236. Further rise is still possible after a minor consolidation and next target would be at 1.3300 area. Near term support is at 1.3110, only a breakdown below this level could bring the price back towards the bottom support trend line of the price channel on the 4-hour chart.

USDCAD 4-hour chart