USDCAD Daily Analysis – Wednesday, Sept. 5

USDCAD’s upside movement from 1.2887 extended to as high as 1.3207, breaking above 1.3174 resistance.

Further rise is still possible after a minor consolidation and next target would be at 1.3250 area.

Near-term support is at 1.3120, only a breakdown below this level could signal completion of the uptrend.

USDCAD 4-hour chart

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