USD/CAD Daily Analysis – Monday, Dec. 24

USD/CAD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.3253. As long as the trend line support holds, the upside movement could be expected to continue and next target would be at 1.3700 area. Near term support is at 1.3500, below this level could bring the price back towards the trend line.

USDCAD 4-hour chart

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