USDCAD Daily Analysis – August 31, 2017

USDCAD failed to break below 1.2413 support and rebounded strongly to 1.2650. Further rise to test 1.2778 resistance is possible in the coming days. Support is at 1.2545, only break below this level could trigger another fall to retest 1.2413 support.

USDCAD 4-hour chart