USDCAD Daily Analysis – August 6, 2019

USDCAD remains in the uptrend from 1.3015, the pullback from 1.3265 is likely consolidation for the uptrend. As long as the price is in the rising price channel on the 4-hour chart, the uptrend could be expected to continue and next target would be at 1.3300 area. Only break below the channel support could signal completion of the uptrend.

USDCAD 4-hour chart