USD/CAD Daily Analysis – Tuesday, December 5

USD/CAD moved below 1.2666 support. Further decline would likely be seen and next target would be at 1.2600 area. Below this level would aim 1.2433 support. Near-term resistance is at 1.2750, only break above this level could trigger another rise to test 1.2916 resistance.

USDCAD 4-hour chart

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Author: Travis Esquivel

Travis Esquivel is an engineer, passionate soccer player and full-time dad. He enjoys writing about innovation and technology from time to time.

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