USDCAD Daily Analysis – September 6, 2019

USDCAD is now in the downtrend from 1.3382, the bounce from 1.3191 is likely consolidation for the downtrend. Further decline would likely be seen after the consolidation and next target would be at 1.3130 area. Near term resistance is at 1.3250, above this level could bring the price back to 1.3290.

USDCAD 4-hour chart