USDCAD Daily Analysis – February 11, 2020

USDCAD’s upside movement from 1.2951 extended to as high as 1.3328. As long as the price is above the rising trend line 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 into 1.3200 zone.

USDCAD 4-hour chart