USDCAD Daily Analysis – June 21, 2018

USDCAD’s upside movement from 1.2856 extended to as high as 1.3321. Further rise is still possible after a minor consolidation and next target would be at 1.3400 area. Support is at 1.3240, a breakdown below this level could bring the price back to 1.3150 area.

USDCAD 4-hour chart