USDCAD Daily Analysis – Wednesday, Jan.15

No changed in our view, USDCAD is now in the downtrend from 1.3104, another fall towards 1.2950 would likely be seen in the coming days, and a breakdown below 1.3028 support could signal resumption of the downtrend.

Resistance is at 1.3104, only break above this level could trigger another rise towards 1.3150.

USDCAD 4-hour chart

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