USDCAD Daily Analysis – July 20, 2018

USDCAD extended its upside movement from 1.3063 to as high as 1.3289. As long as the price is in the bullish price channel on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.3350 area. Only a clear break below the channel support could signal completion of the uptrend.

USDCAD 4-hour chart