USDCAD Daily Analysis – April 6, 2018

USDCAD continued its downside movement from 1.2943 to as low as 1.2744. Further decline is still possible and next target would be at 1.2650 area. Near term resistance at 1.2810, only break above this level could trigger another rise to test 1.2948 resistance.

USDCAD 4-hour chart