USDCAD Daily Analysis – October 17, 2018

USDCAD extended it downside movement from 1.3071 extended to as low as 1.2915, breaking below 1.2926 support. Further decline could be expected and next target would be at 1.2800 area. Resistance is at 1.3000, only a breakout of this level could trigger another rise towards 1.3100.

USDCAD 4-hour chart