USDCAD Daily Analysis – Wednesday, Jan.15

No changed in our view, USDCAD is now in the downtrend from 1.3104, another fall towards 1.2950 would likely be seen in the coming days, and a breakdown below 1.3028 support could signal resumption of the downtrend.

No changed in our view, USDCAD is now in the downtrend from 1.3104, another fall towards 1.2950 would likely be seen in the coming days, and a breakdown below 1.3028 support could signal resumption of the downtrend.

Resistance is at 1.3104, only break above this level could trigger another rise towards 1.3150.

USDCAD 4-hour chart

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