USDCAD Weekly Analysis – Sunday, Sept. 9

USDCAD broke above 1.3174 resistance, suggesting that the downside movement from 1.3385 had completed at 1.2887 already.

A further rise could be expected in a couple of weeks and the next target would be at 1.3400 area. Support is at 1.3000; only a breakdown below this level could trigger another fall towards 1.2750.

USDCAD daily chart

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