USDCAD Daily Analysis – July 26, 2018

USDCAD extended its downside movement from 1.3289 to as low as 1.3024. Further decline could be expected after a minor consolidation and next target would be at 1.2900 area. Resistance is at 1.3120, only break above this level could signal completion of the downtrend.

USDCAD 4-hour chart