USDCAD extended its short term uptrend from 1.2413 to as high as 1.2752.
USDCAD extended its short term uptrend from 1.2413 to as high as 1.2752. As long as the price is above the bullish trend line on its 4-hour chart, the upside movement could be expected to continue and next target would be at 1.2800 area.
Key support is now at 1.2650, only a breakdown below this level could bring price back to test 1.2413 support.
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