USDCAD Weekly Analysis

USDCAD is facing 1.2997 resistance, a breakout of this level could signal resumption of the uptrend from 1.2526, then next target would be at 1.3200 area.

Support is at 1.2728, only a breakdown below this level could trigger another fall towards the bottom support trend line of the price channel on the daily chart.

 

 

 

USDCAD Daily Chart: