USDCAD Weekly Analysis – September 4, 2016

No changed in our view, USDCAD is in uptrend from 1.2460. The price action from 1.3188 is treated as consolidation of the uptrend. Further rise to 1.3600 area to complete the upward movement could be expected after consolidation. Key support is at 1.2654, only break below this level could trigger another fall towards 1.1500.

usdcad chart