USDCAD Daily Analysis – July 3, 2019

USDCAD is now in uptrend from 1.3059, the pullback from 1.3144 is likely corrective consolidation for the uptrend. Further rally is still possible in the coming days and next target would be at 1.3230 area. Support is at 1.3059, only a breakdown below this level could trigger another fall towards 1.3000.

USDCAD 4-hour chart