USDCAD Daily Analysis – June 22, 2017

USDCAD broke above 1.3308 resistance, indicating that lengthier consolidation for the downtrend from 1.3793 is underway. Range trading between 1.3164 and 1.3400 would likely be seen over the next several days. However, as long as 1.3400 resistance holds, another fall towards 1.3050 is still possible after the consolidation.

USDCAD 4-hour chart