USD/CAD Daily Analysis – Wednesday, Dec. 12

USD/CAD failed to breakout of 1.3444 resistance and pulled back to 1.3370. However, another rise to test 1.3444 resistance is still possible and a breakout of this level could trigger further upside movement towards 1.3500. Support is at 1.3300, a breakdown below this level could bring the price back towards 1.3200.

USDCAD 4-hour chart

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