USDCAD Daily Analysis – Tuesday, August 21


USDCAD is now in downtrend from 1.3174. Further decline is still possible after a minor consolidation and next target would be at 1.2961 support.

Near-term resistance is at 1.3100, only a break of this level could bring the price back towards 1.3174 previous high.

USDCAD 4-hour chart

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