USDCAD Daily Analysis – August 18, 2017

USDCAD is now in short term downtrend from 1.2778. Further decline would likely be seen and next target would be at 1.2535, followed by 1.2413. Resistance levels are at 1.2690 and 1.2778, only break above these levels could trigger another rise towards 1.2900.

USDCAD 4-hour chart