USDCAD Weekly Analysis – September 8, 2019

USDCAD broke below 1.3184 support, suggesting that the upside movement from 1.3015 had completed at 1.3382 already. Further decline could be expected after a minor consolidation and next target would be at 1.3000 area. Resistance is at 1.3382, only break above this level could trigger another rise towards 1.3600.

USDCAD daily chart