USDCAD Daily Analysis – August 23, 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 upside movement could be expected to continue and a break of 1.3344 resistance could take the price to 1.3400 area. On the downside, a breakdown below the trend line support could bring the price back to next support level at 1.3184.

USDCAD 4-hour chart