USDCAD Daily Analysis – Wednesday, April 8

USDCAD is facing 1.3920 support, a breakdown below this level could signal resumption of the downtrend from 1.4667, then next target would be at 1.3700 area.

Near term resistance is at 1.4070, a break of this level could trigger another rise towards 1.4348 resistance.

USDCAD 4-hour chart

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