USD/CAD Daily Analysis - Friday, June 8

USD/CAD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.2728. As long as the price is in the channel, 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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