USDCAD Daily Analysis – September 9, 2019

USDCAD extended its downside movement from 1.3382 to as low as 1.3157. Further decline would likely be seen after a minor consolidation and next target would be at 1.3100 area. Near term resistance is at 1.3220, above this level could bring the price back to 1.3280 area.

USDCAD 4-hour chart