USDCAD Daily Analysis – September 27, 2019

USDCAD moved sideways in a trading range between 1.3230 and 1.3309 for several days. The price action in the range is likely consolidation for the uptrend from 1.3133, further rise to 1.3360 area could be expected 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 another fall towards 1.3100 could be seen.

USDCAD 4-hour chart