USDCAD Daily Analysis – September 11, 2018

USDCAD remains in the uptrend from 1.2887, the pullback from 1.3226 is likely consolidation for the uptrend. Deeper decline is still possible and the target would be at 1.3000. However, as long as 1.3000 support holds, the uptrend could be expected to resume and one more rise towards 1.3350 is still possible after the consolidation.

USDCAD 4-hour chart