USDCAD Daily Analysis – September 23, 2019

USDCAD moved sideways in a trading range between 1.3230 and 1.3309. As long as 1.3230 support holds, the sideways movement could be treated as consolidation for the uptrend from 1.3133, further rise to 1.3360 area is still possible after the consolidation. On the downside, a breakdown below 1.3230 support would indicate that the upside movement had completed at 1.3309 already, then next target would be at 1.3150 area.

USDCAD 4-hour chart