The USDCAD pair is now trading below the 1.3703 key resistance level. As long as the pair trades below that level, we think the Canadian Dollar may gain more value against the greenback. At this point, we will face support level will be at 1.3547 and 1.3370. Although, if the price goes beyond 1.3703, the next resistance level will be at 1.3922.
Support : 1.3547 – 1.3370-1.3256
Resistance : 1.3703–1.3922-1.4090
17 May 17 (Wed)
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