USDCAD Daily Analysis – July 18, 2019

USDCAD moved sideways in a trading range between 1.3017 and 1.3144. As long as 1.3144 resistance holds, the price action in the range could be treated as consolidation for the downtrend from 1.3432, a breakdown below 1.3017 support could take the price to 1.2950 area.

USDCAD 4-hour chart