USD/CAD Daily Analysis –Monday, Dec. 10

USD/CAD broke below 1.3330 support, suggesting that the short term uptrend from 1.3159 had completed at 1.3444 already. Deeper decline is still possible and next target would be at 1.3200 area. Near term resistance is at 1.3350, a breakout of this level could trigger another rise towards 1.3500.

USDCAD 4-hour chart

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