USDCAD Daily Analysis – Thursday, Oct. 18

USDCAD broke above 1.3000 resistance, suggesting that the falling from 1.3071 had completed at 1.2915 already.

Further rise could be expected and a break of 1.3071 resistance could take the price to 1.3150 area. Support is at 1.3000, a breakdown below this level could bring the price back into 1.2950 zone.

USDCAD 4-hour chart

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