FXstreet.com (Barcelona) - After three attempts during the last three days, the Dollar has broken lower, and USD/CAD has extended decline from Dec 17 high at 1.0745 to levels below 1.0535 support, reaching levels around 1.0520 so far, ahead of the release of Canadian GDP data.

On the downside, below 1.0540, next support levels lie at 1.0500, and below here, 1.0480 (Dec 7, 10 and 11 lows) and 1.0435 (Dec 4 low).

On the upside, resistance levels, above 1.0540 previous low, lie at 1.0575 session high, and above here 1.0620/30 (Dec 22 highs) and 1.0650 (Dec 15 high).

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