USDCAD Weekly Analysis – September 15, 2018

USDCAD is now in uptrend from 1.2887, the fall from 1.3226 would possibly be correction for the uptrend. Another rise would likely be seen after the correction and a break of 1.3226 resistance could trigger further upside movement towards 1.3500. Support is at 1.2887, only a breakdown below this level would indicate that the pair remains in the downtrend from 1.3385, then next target would be at 1.2750 area.

USDCAD daily chart