USDCAD’s short-term uptrend from 1.2413 extended to as high as 1.2721. Near-term support is at the rising trendline on its 4-hour chart.
USDCAD’s short-term uptrend from 1.2413 extended to as high as 1.2721. Near-term support is at the rising trend line on its 4-hour chart. As long as the trendline support holds, the uptrend could be expected to continue and next target would be at 1.2740 area.
Key support is now at 1.2629, a breakdown below this level could bring price back to test 1.2413 support.
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