USDCAD Weekly Analysis – October 20, 2019

USDCAD broke below 1.3133 support, suggesting that the downtrend from 1.3382 has resumed. Further decline could be expected in a couple of weeks and next target would be at 1.3000 area. Near term resistance is at 1.3200, as long as this level holds, the downtrend will continue.

USDCAD daily chart