USD/CAD Daily Analysis – Wednesday, Jan. 30

USD/CAD remains in the downtrend from 1.3374, the bounce from 1.3202 is likely consolidation for the downtrend. Another fall could be expected after the consolidation, a breakdown below 1.3200 support could trigger another fall towards 1.3100. Resistance is at 1.3300, only break above this level could trigger another rise towards 1.3450.

USDCAD 4-hour chart

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