USD/CAD Daily Analysis – Thursday, Feb. 14

USD/CAD is now in the downtrend from 1.3329, the bounce from 1.3195 is likely consolidation for the downtrend. Further decline could be expected after the consolidation and next target would be at 1.3100 area. Resistance is at 1.3285, only break above this level could trigger another rise towards 1.3400.

USDCAD 4-hour chart

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