USDCAD Weekly Analysis – June 21, 2015

USDCAD remains in downtrend from 1.2563, and the fall extended to as low as 1.2127. Further decline to test 1.1919 support would likely be seen, a breakdown below this level will signal resumption of the longer term downtrend from 1.2835, then next target would be at 1.1500 area.

usdcad chart