USD/CAD Daily Analysis – Thursday, July 5

USD/CAD remains in the downtrend from 1.3385. As long as 1.3224 resistance holds, the downside movement could be expected to continue and next target would be at 1.2950, followed by 1.2860. Only a breakout of 1.3224 resistance could bring the price back to 1.3320 area.

USDCAD 4-hour chart

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