USDCAD Daily Analysis – December 14, 2018

No changed in our view, USDCAD remains in the uptrend from 1.3159, the price action from 1.3444 is likely consolidation for the uptrend. As long as 1.3300 support holds, another rise to test 1.3444 resistance is possible, a breakout could trigger further upside movement towards 1.3500. Only a breakdown below 1.3300 support could bring the price back towards 1.3200.

USDCAD 4-hour chart