USDCAD Daily Analysis – August 24, 2018


USDCAD broke above 1.3057 resistance, suggesting that the downside move from 1.3174 had completed at 1.2986 already.

Further rally would likely be seen in a couple of days and next target would be at 1.3170 area.

Support is at 1.3035, only a breakdown below this level could bring the price back towards 1.2961 previous low.

USDCAD 4-hour chart

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