USDCAD Daily Analysis – Tuesday, June 12

USDCAD stays in a bullish price channel on its 4-hour chart and remains in the uptrend from 1.2728.

As long as the channel support holds, the upside movement could be expected to continue and next target would be at 1.3100 area.

Key support is at 1.2856, only a breakdown below this level could signal completion of the uptrend.

USDCAD 4-hour chart

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