USDCAD Daily Analysis – December 13, 2019

USDCAD extended its downside movement from 1.3269 to as low as 1.3150, breaking below 1.3158 support. Further decline could be expected in a couple of days and next target would be at 1.3100 area. Near term resistance is at 1.3195, above this level could bring the price back to 1.3225 zone.

USDCAD 4-hour chart