USDCAD Daily Analysis – June 25, 2014

USDCAD remains in downtrend from 1.0960, the rise from 1.0715 could be treated as consolidation of the downtrend. Another fall could be expected, and next target would be at 1.0600 area. Resistance is at 1.0780, only break above this level could signal completion of the downtrend.

usdcad chart