USDCAD Daily Analysis – October 2, 2018

USDCAD extended its downside movement from 1.3081 to as low as 1.2782. Further decline is still possible after a minor consolidation and next target would be at 1.2700 area. Resistance is at 1.2870, only a break of this level could bring the price back into 1.3000 zone.

USDCAD 4-hour chart