During the past 24 hours of trading, the US Dollar has depreciated about 0.74% in value against the Canadian Dollar. The currency pair reached a two-week high at 1.3148 during the Asian session on Tuesday.

As for the near future, the exchange rate could make a brief retracement towards a support level formed by the 50-hour simple moving average at 1.3081 within this session.

However, the weekly resistance level at 1.3108 could act as a support level during the coming trading hours.

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