USDCAD Daily Analysis – October 18, 2019

USDCAD extended its downside movement from 1.3347 to as low as 1.3130. Further decline could be expected after a minor consolidation and next target would be at 1.3100 area. Resistance is at falling trend line on the 4-hour chart, as long as the trend line resistance holds, the downtrend will continue.

USDCAD 4-hour chart