USDCAD Daily Analysis – August 21, 2018

USDCAD is now in downtrend from 1.3174. Further decline is still possible after a minor consolidation and next target would be at 1.2961 support. Near term resistance is at 1.3100, only a break of this level could bring the price back towards 1.3174 previous high.

USDCAD 4-hour chart