USDCAD Daily Analysis – December 19, 2019

USDCAD extended its downside movement from 1.3327 to as low as 1.3102. Further decline is still possible after consolidation and next target would be at 1.3050 area. Key resistance is at 1.3204, only break above this level could signal completion of the downtrend.

USDCAD 4-hour chart