USDCAD Daily Analysis – September 5, 2018

USDCAD’s upside movement from 1.2887 extended to as high as 1.3207, breaking above 1.3174 resistance. Further rise is still possible after a minor consolidation and next target would be at 1.3250 area. Near term support is at 1.3120, only a breakdown below this level could signal completion of the uptrend.

USDCAD 4-hour chart