USD/CAD Daily Analysis – Thursday, October 3

USD/CAD broke above 1.3309 resistance, suggesting that the uptrend from 1.3133 has resumed.

USD/CAD broke above 1.3309 resistance, suggesting that the uptrend from 1.3133 has resumed. Further rise would likely be seen after a minor consolidation and next target would be at 1.3400 area. Near term support is at 1.3290, only break below this level could trigger another fall towards 1.3200.

USDCAD 4-hour chart

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