USDCAD Daily Analysis – October 12, 2017

USDCAD broke below 1.2448 key support, indicating that the uptrend from 1.2601 had completed at 1.2598 already. Further decline could be expected and next target would be at 1.2300, followed by 1.2061. Near term resistance is at 1.2598, only break above this level could trigger another rise towards 1.2750.

USDCAD 4-hour chart