USDCAD Daily Analysis – September 27, 2017

USDCAD continued its short term uptrend from 1.2061 and the rise extended to as high as 1.2413, facing the resistance of the top trend line of the price channel on the daily chart. Near term support is at 1.2250, followed by the rising trend line on the 4-hour chart, only a clear break below the trend line support could signal completion of the short term uptrend.

USDCAD 4-hour chart