USDCAD Daily Analysis – January 11, 2017

USDCAD moved sideways in a narrow range between 1.3178 and 1.3277. As long as 1.3340 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.3598, and further decline to 1.3100 area is still possible after consolidation.

usdcad chart