USDCAD broke below 1.3180 support, suggesting that the upside movement from 1.2526 had completed at 1.3385 already.
A further decline would likely be seen in a couple of weeks and the next target would be at the 1.2850 area. Below this level it would aim the bottom of the price channel on the daily chart. Resistance is at 1.3385, only a break above this level could trigger another rise towards 1.3500.
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