USDCAD Daily Analysis – January 10, 2019

USDCAD continued its downside movement from 1.3664 and the fall extended to as low as 1.3179. Further decline is still possible and next target would be at 1.3100 area. Near term resistance is at 1.3250, above this level could bring the price back to next resistance level at 1.3322.

USDCAD 4-hour chart