USDCAD Daily Analysis – August 22, 2018

USDCAD extended its downside movement from 1.3174 to as low as 1.3013. Further decline is still possible and next target would be at 1.2961 support. Near term resistance is at 1.3070, only a breakout of this level could bring the price back towards 1.3174 previous high.

USDCAD 4-hour chart