USD/CAD Technical Analysis: Bullish flag points to a possible move towards June monthly swing high

   •  The pair's intraday corrective slide from 4-1/2 month tops, touched overnight, has been along a short-term descending trend-channel on 15/30-mins charts.

   •  Against the backdrop of a strong up-move over the past two-trading session, the mentioned channel constituted towards the formation of a bullish flag. 

   •  Technical indicators on hourly charts have already cooled off from overbought zones and continue holding in the bullish territory on the daily chart.

   •  The technical set-up support prospects for a continuation of the up-move and hence, a move towards June swing highs, around 1.3385-90 region, remains a distinct possibility.
 

USD/CAD 30-mins chart