USD/CAD Daily Analysis – Monday, July 9

USD/CAD’s downside movement from 1.3385 extended to as low as 1.3076. Further decline is still possible after a minor consolidation and next target would be at 1.2950 area. Resistance is now at 1.3150, only break above this level could signal completion of the downtrend.

USDCAD 4-hour chart

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