USDCAD Daily Analysis – February 3, 2020

USDCAD continued its upside movement from 1.3035 and the rise extended to as high as 1.3252. Further rise could be expected in a couple of days and next target would be at 1.3300 area. Near term support is at 1.3189, only a break below this level could bring the price back towards the rising trend line on the 4-hour chart.

USDCAD 4-hour chart