USDCAD Daily Analysis – Monday, June 11
USDCAD 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 1.2856, only a breakdown below this level could signal completion of the uptrend.