USDCAD Daily Analysis – October 18, 2018

USDCAD broke above 1.3000 resistance, suggesting that the falling from 1.3071 had completed at 1.2915 already. Further rise could be expected and a break of 1.3071 resistance could take the price to 1.3150 area. Support is at 1.3000, a breakdown below this level could bring the price back into 1.2950 zone.

USDCAD 4-hour chart