USDCAD Daily Analysis – February 18, 2020

USDCAD broke below the rising price channel on the 4-hour chart, suggesting that the upside movement from 1.2951 had completed at 1.3328 already. Further decline would likely be seen and next target would be at 1.3180 area. Resistance is at 1.3270, only break above this level could trigger another rise towards 1.3300.

USDCAD 4-hour chart