USDCAD Daily Analysis – January 10, 2017

USDCAD remains in downtrend from 1.3598, the rise from 1.3178 could be treated as consolidation of the downtrend. Resistance is at 1.3340, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.3100 area.

usdcad chart