USDCAD Daily Analysis – January 22, 2020

USDCAD broke above 1.3079 resistance, suggesting that the uptrend from 1.2951 has resumed. Further rise could be expected and next target would be at 1.3150 area. Key support is at 1.3028, a breakdown below this level could trigger another fall towards 1.2950.

USDCAD 4-hour chart