USDCAD Daily Analysis – July 11, 2019

USDCAD failed to break above 1.3144 resistance and stays in a trading range between 1.3036 and 1.3144. Deeper decline to test 1.3036 support would likely be seen, a breakdown below this level could trigger further downside movement towards 1.2950. Only break above 1.3144 resistance could signal completion of the downtrend.