USDCAD Weekly Analysis – Sunday, Sept.16

USDCAD is now in an uptrend from 1.2887 and the fall from 1.3226 would possibly be correction for the uptrend.

Another rise would likely be seen after the correction and a break of 1.3226 resistance could trigger further upside movement towards 1.3500.

Support is at 1.2887; only a breakdown below this level would indicate that the pair remains in the downtrend from 1.3385, then the next target would be at the 1.2750 area.

USDCAD daily chart

How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.


Leave a comment to automatically be entered into our contest to win a free Echo Show.