USDCAD Daily Analysis – Wednesday, August 22


USDCAD extended its downside movement from 1.3174 to as low as 1.3013.

Further decline is still possible and next target would be at 1.2961 support.

Near-term resistance is at 1.3070, only a breakout of this level could bring the price back towards 1.3174 previous high.

USDCAD 4-hour chart

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