USDCAD Daily Analysis – July 15, 2019

USDCAD broke below 1.3036 support, suggesting that the downtrend from 1.3432 has resumed. Further decline could be expected over the next several days and next target would be at 1.2950 area. Resistance is at 1.3060, only break above this level could bring the price back to test 1.3144 resistance.

USDCAD 4-hour chart