USDCAD Daily Analysis – December 6, 2016

USDCAD’s downward movement from 1.3588 extended to as low as 1.3235. Further decline is still possible, and next target would be at 1.3100 area. Resistance levels are at 1.3360 and 1.3390, only break above these levels will signal completion of the downtrend.

usdcad chart