USD/CAD Daily Analysis – Wednesday, May 22

USD/CAD is facing 1.3376 support, a breakdown below this level could take the price to 1.3300 area. However, as long as 1.3376 support holds, the price action in the trading range between 1.3376 and 1.3520 could be treated as consolidation for the uptrend from 1.3274, one more rise towards 1.3600 is still possible.

USDCAD 4-hour chart

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