USDCAD Daily Analysis – September 20, 2016

USDCAD remains in uptrend from 1.2822, the fall from 1.3248 could be treated as consolidation of the uptrend. Key support is at 1.3100, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.3300 area. On the downside, a breakdown below 1.3100 support 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