USDCAD Daily Analysis – Thursday, Dec. 20

USDCAD stays above a rising 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 1.3550 area.

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

USDCAD 4-hour chart

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.