USDCAD Daily Analysis – January 3, 2017

USDCAD broke below 1.3471 support, indicating that the uptrend from 1.3080 had completed at 1.3598 already. Deeper decline could be expected, and the target would be at 1.3300 area. Resistance is at 1.3500, only break above this level could trigger another rise towards 1.3700.

usdcad chart