USDCAD remains in the downtrend from 1.3374, the bounce from 1.3202 is likely consolidation for the downtrend. Another fall could be expected after the consolidation, a breakdown below 1.3200 support could trigger another fall towards 1.3100. Resistance is at 1.3300, only break above this level could trigger another rise towards 1.3450.
![USDCAD 4-hour chart](https://www.forexcycle.com/wp-content/uploads/2019/20190130_USDCAD_1.png)