USDCAD Daily Analysis – February 20, 2020

USDCAD broke below 1.3224 support, suggesting that the downtrend from 1.3328 has resumed. Further decline would likely be seen and next target would be at 1.3180 area. Resistance is located at the falling trend line on the 4-hour chart, only break above the trend line resistance could signal completion of the downtrend.

USDCAD 4-hour chart