USD/CAD Daily Analysis – Thursday, June 27

USD/CAD broke below 1.3150 support, suggesting that the downside movement from 1.3432 has resumed.

USD/CAD broke below 1.3150 support, suggesting that the downside movement from 1.3432 has resumed. Further decline could be expected and the next target would be at 1.3050 area. Resistance is at 1.3160, as long as this level holds, the downtrend will continue.

USDCAD 4-hour chart

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