USDCAD Daily Analysis – September 20, 2017

USDCAD stays above a rising trend line on its 4-hour chart and remains in a short term uptrend from 1.2061. Further rally is still possible and next target would be at the bearish trend line on the daily chart now at 1.2455. Near term support is at 1.2210, followed by the trend line on the 4-hour chart, only a clear break below the trend line support could trigger another fall towards 1.1800.

USDCAD 4-hour chart