USDCAD Daily Analysis – August 12, 2019

USDCAD is facing the support of the rising trend line on the 4-hour chart. As long as the trend line support holds, the pullback from 1.3344 could be treated as consolidation for the uptrend from 1.3015, another rise towards 1.3350 is possible after the consolidation, only break below the trend line support could signal completion of the uptrend.

USDCAD 4-hour chart