USDCAD’s upward movement from 1.1919 extended to as high as 1.3353. Near term support is at the bottom of the price channel on daily chart. As long as the channel support holds, the uptrend could be expected to continue, and next target would be at 1.4000 area. Key support is at 1.2860, only break below this level could signal completion of the uptrend.
