USDCAD Weekly Analysis – June 22, 2014

USDCAD broke below 1.0813 support, indicating that the downtrend from 1.1278 has resumed. Key resistance is at 1.0960, as long as this level holds, further decline could be expected, and next target would be at 1.0500 area. Only break above 1.0960 resistance could signal completion of the downtrend.

usdcad chart