USDCAD Daily Analysis – June 20, 2018

USDCAD extended its upside movement from 1.2856 to as high as 1.3292. Further rise is still possible after a minor consolidation and next target would be at 1.3400 area. Support is at 1.3158, only a breakdown below this level could signal completion of the uptrend.

USDCAD 4-hour chart