USDCAD Daily Analysis – February 4, 2020

USDCAD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.3035. As long as the trend line support holds, the upside movement could be expected to continue and next target would be at 1.3350 area, only a breakdown below the trend line support could signal completion of the uptrend.

USDCAD 4-hour chart