USDCAD Daily Analysis – August 13, 2018

USDCAD broke above 1.3119 resistance, suggesting that the upside movement from 1.2961 has resumed. Further rally is possible in a couple of days and next target would be at 1.3250 area. Support is at the bullish trend line on the 4-hour chart, only a break below the trend line could trigger another fall towards 1.2900.

USDCAD 4-hour chart