USDCAD Daily Analysis – Tuesday, Jan. 15

USDCAD is in consolidation for the downtrend from 1.3664.

Range trading between 1.3179 and 1.3400 would likely be seen in a couple of days.

As long as 1.3400 resistance holds, the downtrend could be expected to resume, and a breakdown below 1.3179 support could trigger another fall towards 1.3100.

USDCAD 4-hour chart

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