USDCAD Weekly Analysis – Sunday, August 2

USDCAD is facing 1.3314 support. A breakdown below this level could trigger further downside movement towards 1.3100.

Near term resistance is at the top of the price channel on the daily chart, a breakout of the channel resistance could bring the price back to test 1.3715 key resistance.

USDCAD daily chart

 
 
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