USDCAD Daily Analysis – Friday, Sept. 21


USDCAD broke below 1.2887 support and extended its downside movement from 1.3226 to as low as 1.2884.

Further decline could be expected after a minor consolidation and next target would be at 1.2800 area.

Near-term resistance is at 1.2950, as long as this level holds, the downtrend will continue.

USDCAD 4-hour chart

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