USDCAD Daily Analysis – September 19, 2018

USDCAD broke below 1.2975 support, suggesting that the downside movement from 1.3226 has resumed. Further decline could be expected in the coming days and next target would be at 1.2887 support. Resistance levels are at 1.3000 and 1.3064, only break above these levels could signal completion of the downtrend.

USDCAD 4-hour chart