USDCAD Weekly Analysis – January 20, 2019

USDCAD remains in the downtrend from 1.3664, the bounce from 1.3179 is likely consolidation for the downtrend. Another fall could be expected after the consolidation and next target would be at 1.3000 area. Near term resistance is at 1.3325, a break of this level could bring the price back to 1.3400 zone.

USDCAD daily chart