USDCAD Daily Analysis – June 26, 2017

USDCAD is in consolidation of the downtrend from 1.3793. Range trading between 1.3164 and 1.3400 would likely be seen over the next several days. Resistance is at 1.3400, as long as the pair is below this level, the downtrend could be expected to resume, and further decline to 1.3050 area is still possible after the consolidation.

USDCAD 4-hour chart