USD/CAD Daily Analysis – Wednesday, Feb. 20

USD/CAD broke below 1.3195 support, suggesting that the upside movement from 1.3068 had completed at 1.3339 already. Deeper decline would likely be seen and next target would be at 1.3100 area. Resistance is at 1.3280, only break above this level could trigger another rise towards 1.3450.

USDCAD 4-hour chart

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