USDCAD Daily Analysis – January 17, 2020

USDCAD is testing 1.3028 support, a breakdown below this level could signal resumption of the downtrend from 1.3104, then further decline towards 1.2950 could be seen. Near term resistance is at 1.3080, a break of this level could trigger another rise towards 1.3160.

USDCAD 4-hour chart