USDCAD Daily Analysis – August 17, 2018

USDCAD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.2961. Further rise could be expected and next target would be at 1.3250 area. Key support is at 1.3050, only a breakdown below this level could signal completion of the uptrend.

USDCAD 4-hour chart