USDCAD Weekly Analysis – Sunday, June 17
USDCAD extended its upside movement from 1.2526 to as high as 1.3205. A further rise is still possible after a minor consolidation and the next target would be at 1.3300 area.
Near term support is at 1.2900, a breakdown below this level could bring the price back towards the bottom support trend line of the price channel on the daily chart.