Technical analytics

USD/CAD

USDCAD

Sellers returned control on Wednesday. The US dollar faced further downside pressure in the early Asian session. Sellers led the pair out of the sideways range and headed towards 1.2250. The resistance is at 1.2300, the support stands 1.2250.

If the offered tone around the US currency remains intact the spot will continues suffering the persistent weakness. Sellers could lead the pair to 1.2200 in this case.

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