USDCAD Daily Analysis – September 4, 2018

USDCAD extended its upside movement from 1.2887 to as high as 1.3112, breaking above 1.3103 resistance. Further rise is still possible and next target would be at 1.3174 resistance. Near term support is at 0.3040, only a breakdown below this level could bring the price back towards 1.2950.

USDCAD 4-hour chart