USDCAD Daily Analysis – August 9, 2019

USDCAD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.3015. As long as the trend line support holds, the pullback from 1.3344 could be treated as consolidation for the uptrend, one more rise to 1.3400 area is still possible after the consolidation, only break below the trend line support could signal completion of the uptrend.

USDCAD 4-hour chart