USDCAD Weekly Analysis – Sunday, Oct. 4
USDCAD broke above the top of the falling price channel on the daily chart and is now in the uptrend from 1.2993. A further rally will likely be seen in a couple of weeks, and the next target would be at around the 1.3600 area. Near term support is at 1.3200, and only a break below this level could trigger another fall towards 1.2900.