USDCAD Daily Analysis – October 23, 2018

USDCAD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.2782. Further rise could be expected in a couple of days and next target would be at 1.3200 area. Near term support is at 1.3025, only a breakdown below this level could bring the price back towards the bullish trend line.

USDCAD 4-hour chart