USDCAD Daily Analysis – October 14, 2019

USDCAD extended its downside movement from 1.3347 to as low as 1.3170, breaking below 1.3205 support. Further decline is still possible after a minor consolidation and next target would be at 1.3100 area. Near term resistance is at 1.3225, above this level could bring the price back to 1.3250 zone.

USDCAD 4-hour chart