Currently, USD/CAD is trading at 1.4060. The pair started a sideways trend on 30 March and now consolidating in the support and resistance wedges. If the price breaks its support level at 1.3855, then it may touch its support zone at 1.3545. If the price breaks the resistance level at 1.4164, then it may touch its resistance zone at 1.4525.
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Rishikesh Lilawat
Do follow us for future Forex updates.
Thank you,
Rishikesh Lilawat