USD/CAD Daily Analysis – Wednesday, July 17

USD/CAD broke above 1.3080 resistance, suggesting that lengthier consolidation for the downtrend from 1.3432 is needed.

USD/CAD broke above 1.3080 resistance, suggesting that lengthier consolidation for the downtrend from 1.3432 is needed. Further rally could be expected in the coming days and the target would be at 1.3144 resistance.

USDCAD 4-hour chart

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