USDCAD Daily Analysis – July 16, 2018

USDCAD failed to break above 1.3224 resistance once again. However, another rise to test this resistance is still possible and a breakout this level could trigger further upside movement towards 1.3350. Support is at 1.3130, below this level could bring the price back towards 1.3063 previous low.

USDCAD 4-hour chart