USDCAD Weekly Analysis – July 20, 2019

USDCAD stays below a falling trend line on the daily chart and remains in the downtrend from 1.3564. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would be at 1.2900 area, only break above the trend line resistance could signal completion of the downtrend.

USDCAD daily chart