USDCAD Weekly Analysis – December 15, 2019

USDCAD’s fall from 1.3327 extended to as low as 1.3150. Deeper decline could be expected in a couple of weeks and next target would be at 1.3080 area. Near term resistance is at 1.3250, above this level could trigger another rise to test 1.3382 resistance.

USDCAD daily chart