USD/CAD Daily Analysis – Tuesday, June 25

USD/CAD moved sideways in a trading range between 1.3150 and 1.3228. As long as 1.3228 resistance holds, the price action in the range could be treated as consolidation for the downtrend from 1.3432, a further decline to 1.3100 area is still possible after the consolidation.

USDCAD 4-hour chart

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