USDCAD Daily Analysis – June 14, 2017

USDCAD is now in downtrend from 1.3537, and the fall extended to as low as 1.3211. Near term resistance is at 1.3300, as long as this level holds, the downtrend could be expected continue and next target would be at 1.3050 area. On the upside, a break of 1.3300 resistance will indicate that consolidation of the downtrend is underway, then the pair will find resistance at around 1.3350.

USDCAD 4-hour chart