USDCAD Daily Analysis – October 11, 2019

USDCAD broke below 1.3287 support, suggesting that the uptrend from 1.3205 had completed at 1.3347 already. Deeper decline could be expected in the coming days and next target would be at 1.3230 area. Resistance is at 1.3320, a breakout of this level could trigger another rise towards 1.3400.

USDCAD 4-hour chart