USDCAD Daily Analysis – July 31, 2019

USDCAD moved sideways in a trading range between 1.3114 and 1.3198. As long as 1.3114 support holds, the sideways movement could be treated as consolidation for the uptrend from 1.3015, further rise to 1.3250 area is still possible, only break below 1.3114 support could signal completion of the uptrend.