USDCAD Daily Analysis – June 13, 2017

After consolidation, USDCAD broke below 1.3387 major support and continued its bearish movement from 1.3793. Further decline could be expected over the next several days and next target would be at around 1.3200. Near term resistance is at 1.3360, as long as this level holds, the downtrend will continue.

USDCAD 4-hour chart