USD/CAD Daily Analysis – Wednesday, Feb. 13

USD/CAD broke below 1.3230 support, suggesting that the upside movement from 1.3068 had completed at 1.3329 already. Further decline could be expected and next target would be at 1.3100 area. Near term resistance is at 1.3240, above this level could trigger another rise towards 1.3300.

USDCAD 4-hour chart

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