USDCAD Daily Analysis – January 3, 2019

USDCAD remains in the uptrend from 1.3253. As long as the price is in the bullish price channel on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.3700 area. Key support is at 1.3560, only break below this level could bring the price back to 1.3350 area.

USDCAD 4-hour chart