USDCAD Daily Analysis – Thursday, Jan. 16

USDCAD is facing 1.3028 support, a breakdown below this level could take the price to 1.2950 area.

USDCAD is facing 1.3028 support, a breakdown below this level could take the price to 1.2950 area.

Near term resistance is at 1.3080, a breakout of this level could signal resumption of the uptrend from 1.2951, then next target would be at 1.3160 area.

USDCAD 4-hour chart

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