USDCAD Daily Analysis – December 6, 2018

USDCAD’s upside movement from 1.3159 extended to as high as 1.3400. Further rise is still possible after a minor consolidation and next target would be at 1.3450 area. Near term support is at 1.3330, a breakdown below this level could signal completion of the uptrend.

USDCAD 4-hour chart