USDCAD Daily Analysis – October 15, 2019

USDCAD is in consolidation for the downtrend from 1.3347, range trading between 1.3170 and 1.3260 would likely be seen in a couple of days. As long as 1.3260 resistance holds, the downtrend could be expected to resume, further decline towards 1.3100 area is still possible, only break above 1.3260 resistance could signal completion of the downtrend.

USDCAD 4-hour chart