USDCAD Weekly Analysis – June 8, 2019

USDCAD broke below the rising trend line on the daily chart, suggesting that the upside movement from 1.3068 had completed at 1.3564 already. Further decline could be expected and next target would be at 1.3100 area. Resistance is at 1.3360, as long as this level holds, the downtrend will continue.