USDCAD Daily Analysis – January 15, 2019

USDCAD is in consolidation for the downtrend from 1.3664. Range trading between 1.3179 and 1.3400 would likely be seen in a couple of days. As long as 1.3400 resistance holds, the downtrend could be expected to resume, and a breakdown below 1.3179 support could trigger another fall towards 1.3100.

USDCAD 4-hour chart