USDCAD Weekly Analysis – September 23, 2018

USDCAD broke below 1.2887 support, suggesting that the downside movement from 1.3385 has resumed. Further decline could be expected in a couple of weeks and next target would be at 1.2800 area. Near term resistance is at 1.3000, a break of this level could bring the price back into 1.3200 zone.

USDCAD daily chart