USDCAD Daily Analysis – September 20, 2019

USDCAD broke below the rising price channel on the 4-hour chart. Deeper decline to test 1.3230 support would likely be seen, below this level would indicate that the upside movement from 1.3133 had completed at 1.3309 already, then another fall towards 1.3100 could be seen. On the upside, as long as 1.3233 support holds, further rise to 1.3330 area is still possible.

USDCAD 4-hour chart