USDCAD Daily Analysis – Monday, Sept. 4


USDCAD broke below 1.2413 support and reached as low as 1.2339. Further decline could be expected in the coming days, and next target would be at 1.2050 area.

Near-term resistance is at 1.2500, only break above this level could trigger another rise to test 1.2778 key resistance.

USDCAD 4-hour chart

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