USDCAD remains in uptrend from 1.3009, the fall from 1.3535 is likely consolidation of the uptrend. Near term support is at the bottom of the price channel on 4-hour chart. As long as the channel support holds, the uptrend could be expected to resume, and further rise to 1.3600 area is still possible.

USDCAD 4-hours Chart


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.