USDCAD Daily Analysis – December 15, 2017

USDCAD dropped sharply from 1.2892 to as low as 1.2713. Further decline is still possible after consolidation and next target would be at 1.2623 support. Near term resistance is at 1.2815, only break above this level could trigger another rise towards 1.2916 resistance.

USDCAD 4-hour chart