USDCAD Daily Analysis – September 18, 2019

USDCAD extended its upside movement from 1.3133 to as high as 1.3299. Support is now at 1.3230, as long as this level holds, the upside movement could be expected to continue and next target would be at 1.3330 area. On the downside, a breakdown below 1.3230 support would indicate that the upside movement had completed at 1.3299 already, then another fall towards 1.3100 could be seen.

USDCAD 4-hour chart