USDCAD Daily Analysis – January 11, 2019

USDCAD is in consolidation for the downtrend from 1.3664. Range trading between 1.3179 and 1.3322 would likely be seen in a couple of days. As long as 1.3322 resistance holds, the downtrend could be expected to resume and a breakdown below 1.3179 support could trigger further downside movement to 1.3100 area.

USDCAD 4-hour chart