USDCAD Daily Analysis – September 17, 2019

USDCAD moved sideways in a trading range between 1.3283 and 1.3209. As long as 1.3209 support, the price action in the range could be treated as consolidation for the uptrend from 1.3133, further rise to 1.3320 area is still possible. On the downside, a breakdown below 1.3209 support would indicate that the upside movement had completed at 1.3283 already, then another fall towards 1.3100 could be seen.

USDCAD 4-hour chart