USDCAD Daily Analysis – August 7, 2019

USDCAD extended its upside movement from 1.3015 to as high as 1.3290. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.3330 area. Near term support is at 1.3177, below this level could bring the price back towards the trend line.

USDCAD 4-hour chart