USDCAD Daily Analysis – June 25, 2019

USDCAD moved sideways in a trading range between 1.3150 and 1.3228. As long as 1.3228 resistance holds, the price action in the range could be treated as consolidation for the downtrend from 1.3432, further decline to 1.3100 area is still possible after the consolidation.

USDCAD 4-hour chart