USDCAD Daily Analysis – December 13, 2018

USDCAD remains in the uptrend from 1.3159, the price action from 1.3444 could be treated as consolidation for the uptrend. Another rise to test 1.3444 resistance is possible and a breakout could trigger further upside movement towards 1.3500. Near term support is at 1.3300, a breakdown below this level could bring the price back towards 1.3200.

USDCAD 4-hour chart