USDCAD Weekly Analysis – June 14, 2015

USDCAD broke below 1.2350 support, indicating that the uptrend from 1.1919 had completed at 1.2563 already. The pair is now in downtrend, further decline to test 1.1919 support could be expected, a breakdown below this level will conform that the longer term downtrend from 1.2835 has resumed, then the following downward movement could bring price to 1.1500 area.

usdcad chart