USDCAD Daily Analysis – December 21, 2016

USDCAD remains in uptrend from 1.3080, the price action from 1.3417 is likely consolidation of the uptrend. Support is at 1.3280, as long as this level holds, the uptrend could be expected to resume, and further rise to 1.3500 area is possible.

usdcad chart