USDCAD Daily Analysis – August 7, 2023

USDCAD has broken above the resistance level at 1.3386. With this breakout, there is potential for further upside movement in the coming days. The next target for the pair could be around the 1.3500 area. Immediate support is now at 1.3318. If there is a breakdown below this level, it would suggest that a consolidation &#8230; <a href="https://www.forexcycle.com/short-term-forex-analysis/136563-usdcad-daily-analysis-august-7-2023.html">Continue reading<span> "USDCAD Daily Analysis &#8211; August 7, 2023"</span></a>