USDCAD Weekly Analysis – July 3, 2016

USDCAD continued its sideways movement in a range between 1.2460 and 1.3188. Resistance is at 1.3188, a break of this level will indicate that the uptrend from 1.2460 has resumed, then next target would be at 1.3600 area. Support is at 1.2460, a break below this level could bring price to 1.2000 zone.

usdcad chart