USDCAD Weekly Analysis – Sunday, Sept. 27
USDCAD broke above the falling price channel on the daily chart, indicating that the downside movement from 1.4667 had completed at 1.2993 already.
A further rally would likely be seen in a couple of weeks and the next target would be at 1.3600 area.
Near term support is at 1.3200, only a break below this level could trigger another fall towards 1.2900.