USDCAD Daily Analysis – June 10, 2019

USDCAD broke below 1.3357 support and dropped sharply to as low as 1.3240. Further decline is still possible after a minor consolidation and next target would be at 1.3200 area. Near term resistance is at 1.3320, a break of this level could bring the price back towards the bearish trend line on the 4-hour chart.

USDCAD 4-hour chart