USDCAD Daily Analysis – June 29, 2017

USDCAD’s bearish movement from 1.3347 extended to as low as 1.3012. Near term resistance is at 1.3080, as long as the pair is below this level, the bearish movement could be expected to continue and further decline to test the import support level at 1.2968 (Jan 31 low) is possible after a minor consolidation.

USDCAD 4-hour chart