USDCAD Weekly Analysis – September 3, 2017


USDCAD broke below 1.2413 support, indicating that the downtrend from 1.3793 has resumed. A further decline could be expected in a couple of weeks and the  next target would be at 1.2050. Key resistance is at 1.2778, only a break above this level could signal completion of the downtrend.

USDCAD daily chart

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