USDCAD Weekly Analysis – September 1, 2019

USDCAD remains in the uptrend from 1.3015, the price action from 1.3344 is likely consolidation for the uptrend. As long as 1.3184 key support holds, the upside movement could be expected to continue and next target would be at 1.3500 area. On the downside, a breakdown below 1.3184 would indicate that the uptrend is complete, then another fall towards 1.3000 could be seen.

USDCAD daily chart