USDCAD Daily Analysis – January 16, 2020

USDCAD is facing 1.3028 support, a breakdown below this level could take the price to 1.2950 area. Near term resistance is at 1.3080, a breakout of this level could signal resumption of the uptrend from 1.2951, then next target would be at 1.3160 area.

USDCAD 4-hour chart