USDCAD Daily Analysis – Friday, Dec. 21

USDCAD extended its upside movement from 1.3253 to as high as 1.3529.

USDCAD extended its upside movement from 1.3253 to as high as 1.3529.

As long as the prices are above the bullish trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.3600 area.

Only a breakdown below the trend line support could signal completion of the uptrend.

USDCAD 4-hour chart

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