USDCAD Daily Analysis – Tuesday, September 4

USDCAD extended its upside movement from 1.2887 to as high as 1.3112, breaking above 1.3103 resistance.

Further rise is still possible and next target would be at 1.3174 resistance.

Near-term support is at 0.3040, only a breakdown below this level could bring the price back towards 1.2950.

USDCAD 4-hour chart

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