USDCAD Daily Analysis – Wednesday, September 4

USDCAD remains in the uptrend from 1.3224, the pullback from 1.3382 is likely consolidation for the uptrend.

Support is located at the bottom of the price channel on the 4-hour chart, as long as the channel support holds, the upside movement could be expected to continue and next target would be at 1.3400 area.

Only break below the channel support could signal completion of the uptrend.

USDCAD 4-hour chart

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