USDCAD Weekly Analysis – July 14, 2019

USDCAD extended its downside movement from 1.3564 to as low as 1.3017. As long as the price is below the falling trend line on the daily chart, the downside movement could be expected to continue and next target would be at 1.2900 area. Near term resistance is at 1.3150, above this level could bring the price back towards the trend line.

USDCAD daily chart