USDCAD Daily Analysis – December 21, 2018

USDCAD extended its upside movement from 1.3253 to as high as 1.3529. As long as the prices are above the bullish trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.3600 area. Only a breakdown below the trend line support could signal completion of the uptrend.

USDCAD 4-hour chart