USDCAD Daily Analysis – Friday, August 10


USDCAD is now in the downtrend from 1.3119. Further decline could be expected and a breakdown below 1.2961 support could take the price into 1.2850 zone.

Resistance is at 1.3119, only a break of this level could bring the price back towards 1.3200.

USDCAD 4-hour chart

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