USDCAD Daily Analysis – September 20, 2018

USDCAD extended its downside movement from 1.3226 to as low as 1.2899, facing 1.2887 support. Further decline would likely be seen and next target would be at 1.2800 area. Resistance is at 1.2970, as long as this level holds, the downtrend will continue.

USDCAD 4-hour chart