USDCAD Daily Analysis – July 29, 2019

USDCAD remains in the uptrend from 1.3015, the pullback from 1.3198 is likely consolidation for the uptrend. As long as 1.3114 support holds, the uptrend could be expected to resume, a breakout of 1.3198 resistance could trigger further upside movement to 1.3250 area, only a breakdown below 1.3114 support could bring the price back towards 1.3000.

USDCAD 4-hour chart