USDCAD Weekly Analysis – October 4, 2020

USDCAD broke above the top of the falling price channel on the daily chart and is now in the uptrend from 1.2993. Further rally would likely be seen in a couple of weeks and next target would be at 1.3600 area. Near term support is at 1.3200, only break below this level could trigger another fall towards 1.2900.

USDCAD daily chart