USDCAD Daily Analysis – September 9, 2016

USDCAD remains in downtrend from 1.3147, the rise from 1.2822 could be treated as consolidation of the downtrend. Further decline to test 1.2763 support is still possible after consolidation. Resistance is at 1.2970, only break above this level could signal completion of the downtrend.

usdcad chart