USD/CAD Daily Analysis – Thursday, June 20

USD/CAD extended its downside movement from 1.3432 to as low as 1.3236, breaking below 1.3240 support. Further decline could be expected after a minor consolidation and next target would be at 1.3150 area. Resistance is at 1.3300, as long as this level holds, the downtrend will continue.

USDCAD 4-hour chart

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