USDCAD Daily Analysis – June 26, 2018

USDCAD remains in the uptrend from 1.2856, the fall from 1.3381 is likely consolidation for the uptrend. Key support is at 1.3259, as long as this level holds, the uptrend could be expected to continue and next target would be at 1.3450 area. On the downside, a breakdown below 1.3259 support would indicate that the upside movement had completed at 1.3381 already, then the pair would find next support at 1.3100, followed by 1.3060.

USDCAD 4-hour chart