USDCAD’s upward movement from 0.9632 extends to as high as 0.9884. Support is now located at the lower line of the price channel on 4-hour chart, as long as the channel support holds, the uptrend could be expected to continue, and next target would be at the upper line of the channel. On the downside, a clear break below the channel support will suggest that the upward movement has completed, then further decline towards 0.9632 previous low could be seen.
