USD/CAD Daily Analysis – Wednesday, Jan. 9

USD/CAD’s downside movement from 1.3664 extended to as low as 1.3241. Further decline is still possible and next target would be at 1.3200 area. Resistance is at 1.3330, above this level could bring the price back to 1.3450 area.

USDCAD 4-hour chart

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