USDCAD Daily Analysis – Thursday, Dec. 12

By Staff of ForexCycle

Thursday, December 12, 2019 4:53 AM EDT

USDCAD extended its downside movement from 1.3269 to as low as 1.3161, facing the support level at 1.3158.

A breakdown below this level could trigger further downside movement towards 1.3100. Near term resistance is at 1.3190, above this level could bring the price back to 1.3225 zone.

USDCAD 4-hour chart

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