USDCAD Daily Analysis – September 24, 2019

USDCAD continued its sideways movement in a trading range between 1.3230 and 1.3309. As long as 1.3230 support holds, the price action in the trading range could be treated as consolidation for the uptrend from 1.3133, further rise to 1.3360 area is still possible after the consolidation. However, 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