USDCAD Daily Analysis – July 13, 2020

USDCAD broke above 1.3623 resistance, suggesting that the downside movement from 1.3715 had completed at 1.3490 already. Further rally would likely be seen and next target would be at 1.3800 area. Key support is at 1.3485, a breakdown below this level could trigger another downside movement towards 1.3300.

USDCAD 4-hour chart