USDCAD Daily Analysis – January 29, 2020

USDCAD remains in the uptrend from 1.3035, the pullback from 1.3205 is likely consolidation for the uptrend. As long as 1.3117 support holds, the uptrend could be expected to continue and next target would be at 1.3250 area, only break below 1.3117 support could bring the price back towards the rising trend line on the 4-hour chart.

USDCAD 4-hour chart