USDCAD Daily Analysis – December 14, 2017

USDCAD broke below 1.2804 support, suggesting that the upside movement from 1.2623 had completed at 1.2892 already. Further decline towards 1.2623 would likely be seen in the coming days. Resistance is at 1.2892, only break above this level could trigger another rise to test 1.2916 resistance.

USDCAD 4-hour chart