USDCAD Weekly Analysis – Sunday, Sept.16

USDCAD is now in an uptrend from 1.2887 and the fall from 1.3226 would possibly be correction for the uptrend.

Another rise would likely be seen after the correction and a break of 1.3226 resistance could trigger further upside movement towards 1.3500.

Support is at 1.2887; only a breakdown below this level would indicate that the pair remains in the downtrend from 1.3385, then the next target would be at the 1.2750 area.

USDCAD daily chart

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