USDCAD Daily Analysis – September 28, 2018

USDCAD extended its upside movement from 1.2884 to as high as 1.3081, breaking above 1.3064 resistance. Further rally could be expected after a minor consolidation and next target would be at 1.3200 area. Near term support is at 1.2980, as long as this level holds, the uptrend will continue.

USDCAD 4-hour chart