USDCAD Daily Analysis – February 13, 2020

USDCAD extended its downside movement from 1.3328 to as low as 1.3235, breaking below 1.3262 support. Further decline would likely be seen and next target would be at 1.3200 area. Near term resistance is at 1.3270, a break of this level could trigger another upside movement towards 1.3350.

USDCAD 4-hour chart