USDCAD Daily Analysis – Tuesday, Oct. 2

USDCAD extended its downside movement from 1.3081 to as low as 1.2782.

Further decline is still possible after a minor consolidation and next target would be at 1.2700 area.

Resistance is at 1.2870, only a break of this level could bring the price back into 1.3000 zone.

USDCAD 4-hour chart

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