USDCAD Daily Analysis – Monday, August 13


USDCAD broke above 1.3119 resistance, suggesting that the upside movement from 1.2961 has resumed.

Further rally is possible in a couple of days and next target would be at 1.3250 area.

Support is at the bullish trend line on the 4-hour chart, only a break below the trend line could trigger another fall towards 1.2900.

USDCAD 4-hour chart

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