USDCAD Daily Analysis – June 4, 2019

USDCAD broke below 1.3480 support, suggesting that the upside movement from 1.3357 had completed at 1.3564 already. Further decline could be expected in the coming days and next target would be at 1.3400 area. Resistance is at 1.3480, only break above this level could trigger another rise towards 1.3600.

USDCAD 4-hour chart