USDCAD Daily Analysis – September 23, 2016

USDCAD broke below 1.3100 support, indicating that the uptrend from 1.2822 had completed at 1.3248 already. Further decline could be expected over the next several days, and the target would be at 1.2800 area. Resistance is at 1.3150, as long as this level holds, the downtrend will continue.

usdcad chart