USDCAD Daily Analysis – June 15, 2020

USDCAD extended its upside movement from 1.3314 to as high as 1.3666. Further rally is still possible after a minor consolidation and next target would be at 1.3750 area. Near term support is at 1.3500, a breakdown below this level could trigger another fall towards 1.3300.

USDCAD 4-hour chart