USDCAD Daily Analysis – September 25, 2018

USDCAD is in consolidation for the downtrend from 1.3226. Range trading between 1.2884 and 1.2980 would likely be seen in a couple of days. Near term resistance is at the top of the price channel on the 4-hour chart, only a clear break above the channel resistance could signal completion of the downtrend.

USDCAD 4-hour chart