USDCAD Daily Analysis – September 21, 2018

USDCAD broke below 1.2887 support and extended its downside movement from 1.3226 to as low as 1.2884. Further decline could be expected after a minor consolidation and next target would be at 1.2800 area. Near term resistance is at 1.2950, as long as this level holds, the downtrend will continue.

USDCAD 4-hour chart