USDCAD Daily Analysis – August 13, 2019

USDCAD failed to break below the rising trend line on the 4-hour chart and rebounded from 1.3195. However, another fall to test the trend line support is still possible, a breakdown below could take the price to 1.3100 area. On the upside, as long as the trend line support holds, one more rise towards 1.3350 could be expected.

USDCAD 4-hour chart