USDCAD Daily Analysis – Friday, Sept. 7

By Staff of ForexCycle
Friday, September 7, 2018 7:43 AM EDT

USDCAD dropped sharply from 1.3226, suggesting that the upside movement from 1.2887 had completed.

Deeper decline would likely be seen and next target would be at 1.3000 area.

Resistance is at 1.3226, only a break of this level could trigger another rise towards 1.3350.

USDCAD 4-hour chart

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