USDCAD Daily Analysis – June 8, 2020

USDCAD stays below a falling trend line on the 4-hour chart and remains in the downtrend from 1.4048. Further decline would likely be seen after a minor consolidation and next target would be at 1.3300 area. Near term resistance is at 1.3500, a break of this level could bring the price back towards the trend line.

USDCAD 4-hour chart