USDCAD broke above the falling trend line on its 4-hour chart, suggesting that lengthier consolidation for the downtrend from 1.2920 is underway.
USDCAD broke above the falling trend line on its 4-hour chart, suggesting that lengthier consolidation for the downtrend from 1.2920 is underway. A further rally would likely be seen and the target would be at 1.2500 area.
Near-term support is at 1.2370, only break below this level would bring the price back towards 1.2247 support.
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