USD/CAD Daily Analysis – Wednesday, July 17

USD/CAD broke above 1.3080 resistance, suggesting that lengthier consolidation for the downtrend from 1.3432 is needed. Further rally could be expected in the coming days and the target would be at 1.3144 resistance.

USDCAD 4-hour chart

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.


Leave a comment to automatically be entered into our contest to win a free Echo Show.