USDCAD Daily Analysis – June 27, 2014

USDCAD’s downward movement from 1.0960 extended to as low as 1.0679. Resistance is now at 1.0735, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.0600 area. Only break above 1.0735 resistance could signal completion of the downtrend.

usdcad chart