USDCAD Daily Analysis – January 31, 2020

USDCAD’s upside movement from 1.3035 extended to as high as 1.3226. Further rise is still possible and next target would be at 1.3250 area. Support is at 1.3153, a breakdown below this level could bring the price back towards the rising trend line on the 4-hour chart.

USDCAD 4-hour chart