USDCAD Daily Analysis – June 17, 2019

USDCAD extended its upside movement from 1.3240 to as high as 1.3422. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.3450 area. Only a breakdown below the trend line support could signal completion of the uptrend.

USDCAD 4-hour chart