USDCAD Daily Analysis – October 1, 2018

USDCAD dropped sharply from 1.3081 to as low as 1.2812. Further decline could be expected after a minor consolidation and next target would be at 1.2750 area. Resistance is at 1.2920, only a break of this level could bring the price back towards 1.3050.

USDCAD 4-hour chart