USDCAD Daily Analysis – July 17, 2018

USDCAD failed to breakout of 1.3224 resistance and pulled back to 1.3100 area. Further decline to test 1.3063 support would likely be seen and a breakdown below this level could take the price to 1.2900 area. Only a break of 1.3224 resistance could signal resumption of the uptrend from 1.3063.