USDCAD Daily Analysis – June 23, 2017

USDCAD remains in downtrend from 1.3793, the rise from 1.3164 could be treated as consolidation of the downtrend. Resistance is at 1.3400, as long as this level holds, the downtrend could be expected to resume and further decline to 1.3050 area is still possible after the consolidation.

USDCAD 4-hour chart