USD/CAD Daily Analysis – Wednesday, July 4

USD/CAD broke below 1.3129 support, suggesting that the downside movement from 1.3385 has resumed. Further decline could be expected in the coming days and next target would be at 1.2860 area. Resistance is at 1.3225, only a breakout of this level could bring the price back to 1.3320 area.

USDCAD 4-hour chart

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