On the technical aspect, USDCAD is still suppressed by the down-trend line from 1.3470. Losing the support at 1.3420 has indicated that the recovery from 1.3130 has completed. Further decline should be seen to of 1.3460 to 1.3130 at 1.3300 and 1.3240. On the upside, though, break of 1.3365 will turn focus back to 1.3400 and 1.3420 resistance instead.
The target is 1.3240.
Turning point: 1.3365.
Under 1.3365, , target price is set at 1.3240, then 1.3300.
Above 1.3365, , target price is 1.3400,then 1.3420.
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