USDCAD Daily Analysis – January 15, 2020

No changed in our view, USDCAD is now in the downtrend from 1.3104, another fall towards 1.2950 would likely be seen in the coming days, and a breakdown below 1.3028 support could signal resumption of the downtrend. Resistance is at 1.3104, only break above this level could trigger another rise towards 1.3150.

USDCAD 4-hour chart