USDCAD Weekly Analysis – September 8, 2018

USDCAD broke above 1.3174 resistance, suggesting that the downside movement from 1.3385 had completed at 1.2887 already. Further rise could be expected in a couple of weeks and next target would be at 1.3400 area. Support is at 1.3000, only a breakdown below this level could trigger another fall towards 1.2750.

USDCAD daily chart