USDCAD Weekly Analysis – June 28, 2014

USDCAD’s downward movement from 1.1278 extended to as low as 1.0660. Further decline could be expected in a couple of weeks, and next target would be at 1.0300 area. Resistance is located at the downward trend line on daily chart, as long as the trend line resistance holds, the downtrend will continue.

usdcad chart