USDCAD Weekly Analysis – October 14, 2018

USDCAD stays below a bearish trend line on the daily chart and remains in the downtrend from 1.3385. As long as the trend line resistance holds, the downtrend could be expected to resume, and another fall towards 1.2650 area is still possible. Only a clear break above the trend line resistance could signal completion of the downtrend.

USDCAD daily chart