USDCAD Weekly Analysis – June 30, 2019

USDCAD extended its downside movement from 1.3564 to as low as 1.3059, breaking below 1.3068 support. Further decline could be expected after a minor consolidation and next target would be at 1.2950 area. Near term resistance is at 1.3170, a break of this level could bring the price back towards the falling trend line on the daily chart.

USDCAD daily chart