USDCAD Daily Analysis – February 1, 2017

USDCAD broke below 1.3018 support, indicating that the downtrend from 1.3598 has resumed. Further decline could be expected over th next several days, and next target would be at 1.2800 area. Near term resistance is at 1.3168, only break above this level could bring price back to 1.3300 zone.

usdcad chart