USDCAD Daily Analysis – July 24, 2019

USDCAD broke above 1.3144 resistance, suggesting that the downtrend from 1.3432 had completed at 1.3015 already. Further rally could be expected in the coming days and next target would be at 1.3200 area. Near term support is at 1.3120, below this level could bring the price back to 1.3080 area.

USDCAD 4-hour chart