USDCAD Daily Analysis – February 6, 2020

USDCAD remains in the uptrend from 1.3035. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.3350 area. Key support is at 1.3262, a breakdown below this level could bring the price back to 1.3200 area.

USDCAD 4-hour chart