Currently, USD/CAD is trading at 1.3754. The pair started a new down trend on 26 May after breaking the support level at 1.3865. The pair was trading in resistance and support wedges before starting a new down trend. The price has already touched its first target which is at 1.3760, then it may hit the second target at 1.2491.
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Rishikesh Lilawat
Do follow us for future Forex trend analysis.
Thank you,
Rishikesh Lilawat