USDCAD Daily Analysis – July 2, 2018

USDCAD extended its downside movement from 1.3385 to as low as 1.3129. Further decline could be expected after a minor consolidation and next target would be at 1.2860 area. Resistance is at 1.3220, as long as this level holds, the downtrend will continue.

USDCAD 4-hour chart