USDCAD Daily Analysis – June 19, 2019

USDCAD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 1.3240 had completed at 1.3432 already. Deeper decline would likely be seen in a couple of days and next target would be at 1.3310 area. Near term resistance is at 1.3410, only break above this level could trigger another rise towards 1.3500.

USDCAD 4-hour chart