USDCAD Daily Analysis - September 29, 2016

Short Term Forex Analysis | by ForexCycle.com | Thursday, 29 September 2016 03:27 UTC
USDCAD broke below 1.3130 support, indicating that the uptrend from 1.3000 had completed at 1.3280 already. Deeper decline to test 1.3000 support is possible in a couple of days, a breakdown below this level will indicate that the longer term uptrend from 1.2763 (Aug 18 low) is complete, then the following downward movement could bring price to 1.2800 zone.

usdcad chart

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