USDCAD Daily Analysis – June 27, 2019

USDCAD broke below 1.3150 support, suggesting that the downside movement from 1.3432 has resumed. Further decline could be expected and next target would be at 1.3050 area. Resistance is at 1.3160, as long as this level holds, the downtrend will continue.

USDCAD 4-hour chart