USDCAD Daily Analysis – September 19, 2016

USDCAD’s upward movement from 1.2822 extended to as high as 1.3248. Further rise is still possible after a minor consolidation, and next target would be at 1.3300 area. Key support is at 1.3100, only break below this level will indicate that the uptrend had completed at 1.3248 already, then the following downward movement could bring price back to 1.2800 zone.

usdcad chart