USDCAD Daily Analysis – October 24, 2018

USDCAD remains in the uptrend from 1.2915, the pullback from 1.3132 could be treated as consolidation for the uptrend. As long as 1.3025 support holds, the uptrend could be expected to resume and further rise to 1.3200 area is still possible. Only a breakdown below 1.3025 support could bring the price back towards the bullish trend line on the 4-hour chart.

USDCAD 4-hour chart