USDCAD Daily Analysis – January 8, 2019

USDCAD extended its downside movement from 1.3664 to as low as 1.3273. Further decline is still possible in a couple of days and next target would be at 1.3200 area. Resistance is at 1.3330, above this level could bring the price back to 1.3450 area.

USDCAD 4-hour chart