USDCAD Daily Analysis – December 8, 2016

USDCAD continued its downward movement from 1.3588 and the fall extended to as low as 1.3213. Further decline is still possible after a minor consolidation, and next target would be at 1.3100 area. Resistance is at 1.3355, only break above this level could signal completion of the downtrend.

usdcad chart