USDCAD Daily Analysis – Tuesday, Jan. 28

USDCAD broke above 1.3171 resistance and extended its upside movement from 1.3035 to as high as 1.3199. The upside movement could be expected to continue in a couple of days and next target would be at 1.3250 area.

Key support is at 1.3117, only break below this level could bring the price back towards the rising trend line on the 4-hour chart.

USDCAD 4-hour chart

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