USDCAD Daily Analysis – July 28, 2020

USDCAD’s downside movement from 1.3715 extended to as low as 1.3337. Further decline would likely be seen and next target would be at 1.3200 area. Near term resistance is at 1.3444, above this level could bring the price back towards the falling trend line on the 4-hour chart.

USDCAD 4-hour chart