USDCAD Daily Analysis – Friday, Dec. 21

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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