USD/CAD Daily Analysis – Friday, July 19

USD/CAD broke below 1.3017 support, suggesting that the downtrend from 1.3432 has resumed. Further decline could be expected and next target would be at 1.2950 area. Near term resistance is at 1.3050, above this level could bring the price back towards 1.3095, followed by 1.3144.

USDCAD 4-hour chart

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