USD/CAD analysis, August 29, 2022
On the hourly candle chart
The US dollar rose against the Canadian dollar to hover near the resistance area at 1.3051/1.3062.
If the resistance area holds, it is likely that the rate could fall again towards the support levels at 1.3019,1.2959 and 1.2894.
On the other side, a potential breakout of the resistance area could lead the price to rise further to 1.3135 and 1.3223.
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