USDCAD Weekly Analysis – September 22, 2019

No changed in our view, USDCAD remains in the downtrend from 1.3382, the bounce from 1.3133 is likely correction for the downtrend. Another fall would likely be seen after the correction and a breakdown below 1.3200 support could take the price to 1.3050 area. Resistance is at 1.3382, only break above this level could trigger another rise towards 1.3600.

USDCAD daily chart