USDCAD Daily Analysis – August 26, 2019

USDCAD moved sideways in a trading range between 1.3250 and 1.3344. As long as the price is above the rising trend line on the 4-hour chart, the sideways movement could be treated as consolidation for the uptrend from 1.3015, further rise towards 1.3400 is still possible. On the downside, a breakdown below the trend line support would indicate that the upside movement had completed at 1.3344 already, then the pair would find next support at 1.3184.

USDCAD 4-hour chart