USD/CAD Daily Analysis – Friday, July 20

USD/CAD extended its upside movement from 1.3063 to as high as 1.3289. As long as the price is in the bullish price channel on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.3350 area. Only a clear break below the channel support could signal completion of the uptrend.

USDCAD 4-hour chart

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