USDCAD Weekly Analysis – September 30, 2018

USDCAD is facing 1.2887 support once again. A breakdown below this level could trigger further downside movement towards 1.2800 area. Near term resistance is at 1.3081, followed by the falling trend line on the daily chart, only a clear break above the trend line resistance could signal completion of the downtrend.

USDCAD daily chart