USDCAD Daily Analysis – September 16, 2019

USDCAD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.3133. As long as the channel support holds, the upside movement could be expected to continue and next target would be at 1.3300 area. On the downside, a clear break below the channel would indicate that the upside movement is complete, then deeper decline towards 1.3000 could be seen.

USDCAD 4-hour chart