USDCAD Weekly Analysis – September 13, 2015

USDCAD remains in uptrend from 1.1919, the fall from 1.3353 is likely consolidation of the uptrend. Near term support is located at the bottom of the price channel on daily chart. As long as the channel support holds, the uptrend could be expected to resume, and further rise to 1.4000 area is possible after consolidation. Key support is at 1.2860, only break below this level could signal completion of the uptrend.

usdcad chart