USDCAD Weekly Analysis – June 25, 2017

USDCAD stays below the bearish trend line on its daily chart, indicating that the pair remains in the downtrend from 1.3793. As long as the pair is below the trend line, the downtrend could be expected to continue and next target would be at 1.3000 area. Key resistance is at 1.3550, only break above this level could trigger another rise towards 1.4000.

USDCAD daily chart