USD/CAD Weekly Analysis – Sunday, Jan. 20

USD/CAD remains in the downtrend from 1.3664 and the bounce from 1.3179 is likely consolidation for the downtrend.

Another fall could be expected after the consolidation and the next target would be at the 1.3000 area. Near term resistance is at 1.3325 and  a break of this level could bring the price back to 1.3400 zone.

USDCAD daily chart

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