USDCAD’s downtrend from 1.1814 extends to as low as 1.0784
USDCAD’s downtrend from 1.1814 extends to as low as 1.0784. Sideways consolidation is expected in a couple of days and rebound to test the resistance of the falling trend line from 1.1814 to 1.1257 would more likely be seen. As long as the trend line resistance holds, we’d expect the downtrend to resume and deeper decline could be seen to 1.0600 after consolidation.
