USDCAD Daily Analysis – Tuesday, August 14

USDCAD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.2961.

As long as the price is above the trend line, the fall from 1.3170 could be treated as consolidation for the uptrend, and further rise towards 1.3250 is still possible after the consolidation.

Only a clear break below the trend line support could signal completion of the uptrend.