USD/CAD Daily Analysis - Monday, June 4

USD/CAD remains in the uptrend from 1.2728. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.3100 area. Key support is at 1.2818, only a breakdown below this level could signal completion of the uptrend.

USDCAD 4-hour chart

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