USDCAD Weekly Analysis – July 17, 2016

USDCAD is testing 1.3188 resistance, a break of this level will indicate that the uptrend from 1.2460 has resumed, then the following upward movement could bring price to 1.3600 area. Support is at 1.2460, only a breakdown below this level could trigger another fall towards 1.2000.

usdcad chart