USDCAD Daily Analysis – August 10, 2018

USDCAD is now in the downtrend from 1.3119. Further decline could be expected and a breakdown below 1.2961 support could take the price into 1.2850 zone. Resistance is at 1.3119, only a break of this level could bring the price back towards 1.3200.

USDCAD 4-hour chart