USDCAD Daily Analysis – July 3, 2018

USDCAD remains in the downtrend from 1.3385, the bounce from 1.3129 is likely consolidation for the downtrend. Resistance is at 1.3260, as long as this level holds, the downtrend could be expected to continue and a breakdown below 1.3129 support could take the price to 1.2860 area.

USDCAD 4-hour chart