USDCAD Daily Analysis – August 27, 2019

USDCAD broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 1.3015 had completed at 1.3345 already. Deeper decline could be expected and next target would be at 1.3184 support. Resistance is at 1.3265, above this level could bring the price back to 1.3300 area.

USDCAD 4-hour chart