USDCAD formed a cycle top at 1.0585 on 4-hour chart and remains in downward movement. Another fall towards 1.0276 support is still possible later today, a break below this level could trigger another fall towards 1.0000 area. Key resistance is at 1.0585, a break above this level will indicate that the uptrend form 0.9930 has resumed, then another rise towards 1.0852 (May 25 high) could be seen.

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