USDCAD Daily Analysis – February 14, 2020

USDCAD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.2951. As long as the channel support holds, the pullback from 1.3328 could be treated as consolidation for the uptrend, further rise towards 1.3350 is possible after the consolidation. Only break below the channel support could signal completion of the uptrend.

USDCAD 4-hour chart