USDCAD Daily Analysis – Wednesday, August 29


USDCAD extended its downside movement from 1.3174 to as low as 1.2949, breaking below 1.2961 support.

Further decline could be expected after a minor consolidation and next target would be at 1.2800 area.

Resistance is at 1.3030, only a break of this level could bring the price back to 1.3150 area.

USDCAD 4-hour chart

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